Some Chicago suburbs welcome luxury apartments

A number of Chicago suburbs have new or recently approved luxury apartment complexes:

Suburbs that have long thought of themselves as bucolic communities filled with houses and families are warmly embracing the very type of residence that used to make them leery: the apartment.

Just don’t call them rentals, a word that conjures up an image different from the projects that municipal governments are selling to their constituents. Almost 4,000 apartments in well-appointed, amenity-filled buildings with rents to match are under construction or proposed in suburbs throughout the Chicago area. They are designed to attract young professionals and empty nesters with roots in the suburbs…

Some, but certainly not all the projects are transit-oriented, constructed near suburban downtowns and train stations or they are being used to create a downtown where there never was one before. But as they move forward, communities are grappling with concerns about density and traffic congestion, and affordable housing advocates worry that low and moderate-income residents who rely more heavily on public transportation don’t have the option of living near it…

“Many of them equated rental housing with low-income property,” Strosberg said. “It’s more recent that they’ve appreciated that rental comes in all different forms. There’s market-rate housing that appeals to a significant portion of their residents who don’t want to make a commitment to buying a place today.”

In wealthier suburbs, apartments often prompt images of transient residents who don’t care much about the community, lower-income residents, traffic, and large properties in communities proud of nice single-family homes. But, luxury apartments help reduce the perceived issues of social class and can bring money into the city (perhaps they can even help boost property values, residents spend money at nearby businesses, etc.). In other words, luxury apartments don’t create the same kind of issues, particularly if seen as part of reviving an area like a downtown. These communities may not go crazy approving such developments all over the place but I suspect many mature Chicago suburbs will continue to approve apartments that do contribute to higher densities but project a higher-end image.

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