MARKETPLACE (pg 26):
©2024 Real Estate Publishing Corporation December 2024 • VOL.24 NO.6
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Infill opportunities and sustainable design: Chicago’s 2024 development in review By Brandi Smith
Photo Courtesy of Trammell Crow.
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gainst a backdrop of economic headwinds and evolving priorities, Chicago’s development market in 2024 saw developers doubling down on infill projects and sustainability. One standout project was Opus’ two industrial buildings in the southwest suburb of Alsip, which were completed in August 2024. Strategically located near the northwest corner of I-294 and 127th Street, Alsip Park 294 exemplifies the potential of redeveloping urban sites to meet
industrial demand while addressing environmental and zoning challenges. “Infill sites bring challenges—environmental issues, brownfield remediation, and new zoning requirements— but they also offer higher rents in key markets,” said Mike Yungerman, Opus executive vice president and general manager for Chicago and surrounding markets.
The two buildings, totaling 360,000 square feet, are sustainably designed for warehouse, logistics, and manufacturing users. Features like clerestory windows, LED lighting and drought-tolerant landscaping aim to achieve Green Globe certification while minimizing environmental impact.
DEVELOPMENT (continued on page 14)