17 May Chicago real estate, Mayor Lightfoot among topics at Crain’s Real Estate Forum
Crain’s Chicago Business hosted its bi-annual Real Estate Forum for spring 2019.
About 200 people attended the forum yesterday morning at the Standard Club. The event featured networking, breakfast and a discussion moderated by Crain’s reporter Alby Gallun with JDL Development founder and CEO Jim Letchinger.
Letchinger and Gallun discussed JDL’s most significant successes and setbacks since it was founded in 1993. They focused on some of the firm’s biggest projects, including ultra-luxury Gold Coast tower No. 9 Walton and One Chicago Square, a 76-story tower expected to cost more than $850 million and become the sixth-tallest skyscraper in Chicago when it’s completed at the end of 2022.
The audience had the chance to submit questions for Letchinger, as well. Asked about how the recent mayoral election has affected his development decisions, Letchinger said he believes Mayor-elect Lori Lightfoot understands the importance of continued development, but he thinks there might be a brief slowdown as people take a pause until her agenda is revealed.
“She’s got a lot on her plate and I think her focus is on other things to start, and I think that’s good,” he said, adding that he expects her to tackle issues like gun violence that the previous administration wasn’t able to solve.