New rental housing keeps popping up. A sign of the times. But it's even happening in the suburbs now. According to Crain's, the western suburb of St. Charles is entertaining a proposal for a $40 million, 375-unit luxury building— its first new rental housing in a decade. The 18-acre site -to be developed by JCF Real Estate- and the adjacent 50-acre office park will form quite the welcome mat to the Leroy Oaks Forest Preserve. [Crain's]
Filed under: