Chicago’s leading multifamily experts (many of whom also happen to be Taylor Johnson clients) spent part of their Valentine’s Day at the Standard Club for the annual Appraisal Research Counselors luncheon, where they heard about the latest trends in apartment and condo development. While the downtown apartment market will see approximately 8,000 new units deliver by the end of next year, exceeding projected absorption, supply and demand is expected to balance out in 2019 as the so-called “McDonald’s effect” helps fill new residential buildings near the city center. Chicago’s condo comeback is also expected to continue as developers move forward with larger, more ambitious projects offering greater diversity in product type. Team TJ played “matchmaker” at the event, connecting the Chicago Tribune with clients Belgravia Group and Fifield Cos. for additional insights on the numbers.

The Sinclair, a 390-unit luxury rental building that Fifield Realty Corp. is developing in the Gold Coast, is slated to open in summer 2017.