Three-bed condos and townhouses are selling fast in the city, so it stands to reason that developers would start building bigger. With a low inventory of family-friendly condos (and acute shortages in areas like the South Loop), developers are making the switch to meet demand, reports Erik J. Martin for The Tribune. The obvious factor is a renewed interest in lifelong city living and urban empty-nesting. David Wolf, president of Related Realty, says that more buyers are "skipping the middle move" and going right from one-beds to three-beds. If there's not enough supply, suburban tract houses will win out. Thankfully, developers are responding in the South Loop, West Loop, and elsewhere. Three-bed sales are also hot outside of downtown, at new townhouse developments like Bridgeport's Lexington Square. [Trib]
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