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Delinquent rent in Chicago could now exceed $1B, according to a survey released last week by the Neighborhood Building Owners Alliance, a group of small and midsized Chicago landlords. The high level of delinquency brought about by the coronavirus pandemic is leading to neighborhood disinvestment. With their revenue plunging to historic lows, 65% of landlords surveyed said they expect to make fewer capital improvements. In addition, nearly half expect to cut down on repairs and maintenance. “With so much delinquent rent, many housing providers lack the funds to continue to maintain their p...

Hotel planned for triangular lot by City Hall has aspen tree-inspired design Images courtesy of Urban Villages/Studio Gang) More details and flashy renderings have been released for a project planned for a small triangular block just north of Denver City Hall. Denver-based Urban Villages said that it plans to build a 13-story, 145,000-square-foot building dubbed “Populus” at 270 14th St., the triangular block formed by 14th Street, Court Place and Colfax Avenue. The site is across the street from Denver City Hall, at the edge of Civic Center Park. Plans call for 250 smaller-than-typical h...