Cedar Street leaving Fulton to expand focus on small apartments
It’s a tough call deciding what’s hotter in Chicago real estate investment circles: the Fulton Market area or apartment construction throughout the city.
Cedar Street Cos. is choosing apartments.
The Chicago-based company behind the FLATS Chicago micro units is largely cashing out of Fulton Market commercial investments it made just in the past year. Pocketing a tidy profit, Cedar Street is plowing the funds into rental units, planning to acquire properties that will contain as many as 1,000 apartments and not just in its stronghold of Chicago’s Uptown neighborhood…
Chicago Tribune | Mary Ellen Podmolik