The endless stream of new apartment towers coming online in downtown Chicago had real estate watchers bracing for an oversupply in the marketplace. Not so, according to industry experts. In fact, some are predicting a possible shortage as we head into 2020 and 2021. Spotting this trend, Taylor Johnson took the story to RE Journals, which connected with TJ clients Lendlease and Fifield Cos. for a closer look at some of the factors driving activity in the local multifamily sector and how, as prolific developers, both have projects ideally timed to meet the predicted demand — Cascade and 845 W. Madison by Lendlease and associated partners, and 740 N. Aberdeen by Fifield Cos., which broke ground last month as seen in this video. Click here for the full story.

Cascade, Lendlease and Magellan Development Group’s new apartment tower in Lakeshore East, is scheduled to break ground along with condominium tower Cirrus next month.