Chicago's most active real estate developers, 2026

The developers building the most in Chicago in 2025 and 2026, from city permit records and public reporting: 18 developers and their active projects, with the source behind every row. Built by TERAMOK, a Chicago real estate marketing agency, and free to cite.

Updated 26 September 2026 · Compiled by TERAMOK research, reviewed by Kirill Samarits

77new-construction permits of $10M or more, January 2025 to September 2026
54unique project sites behind those permits
$3.1Breported permit value, counting each site once (includes about $730M of O'Hare airport work)
Near West Sidecommunity area with the most $10M+ permits, followed by West Town and Near North Side
  1. 01

    Related Midwest, with Chicago Fire FC

    Mixed-use
    The 78: Chicago Fire stadium, 1331 S Wells StSouth Loop · 22,000-seat stadium, $750M privately funded; $102M superstructure permit
    Broke ground March 2026; opening targeted before the 2028 MLS season
    Confirmed by: Permit and news · Source
  2. 02

    Related Midwest and CRG

    Other
    Illinois Quantum & Microelectronics Park, 3733 E 87th StSouth Chicago · 128-acre campus; PsiQuantum anchor of about 300,000 sq ft; $100M core and shell permit
    Broke ground October 2025; first phase 2027
    Confirmed by: Permit and news · Source
  3. 03

    Bally's Corporation

    Mixed-use
    Bally's Chicago casino-resort, 705 W Chicago AveRiver West · $1.7B project with a 500-room hotel; $580M interior permit
    Topped off May 2026; opening spring 2027 (non-gaming work reportedly paused August 2026)
    Confirmed by: Permit and news · Source
  4. 04

    Onni Group

    Mixed-use
    Halsted Pointe Phase 1, 931 N Halsted StGoose Island · 46 stories, 460 units (92 affordable); master plan up to 2,650 units; $190M permit
    Construction began April 2026
    Confirmed by: Permit and news · Source
  5. 05

    Vista Property Group

    Residential
    Pearl Fulton Market, 370 N Morgan StFulton Market · About 494 units; first phase of a roughly 1,500-unit plan
    Topped out; opening spring 2027
    Confirmed by: Permit and news · Source
  6. 06

    Riverside Investment & Development

    Conversion
    566 W Van Buren St; Field Building, 135 S LaSalle StWest Loop and the Loop · 199 units at 566 W Van Buren; 386 units plus 92,000 sq ft commercial at the Field Building
    566 W Van Buren under construction; Field Building conversion targeting fall 2027
    Confirmed by: Permit and news · Source
  7. 07

    The Prime Group, with Capri Investment Group

    Conversion
    208 S LaSalle St; 111 W Monroe St; Thompson Center redevelopmentThe Loop · 226 units at 208 S LaSalle; 345 units at 111 W Monroe (reported)
    Conversion work underway
    Confirmed by: News · Source
  8. 08

    Golub & Company

    Conversion
    30 N LaSalle StThe Loop · About 349 units (reported figures vary)
    City Council approvals secured
    Confirmed by: News · Source
  9. 09

    Tree Street Group and Magellan Development Group

    Residential
    410 N Elizabeth StFulton Market · 33 stories, 383 units (77 affordable); Chicago's first all-electric geothermal apartment tower
    Broke ground July 2026
    Confirmed by: News · Source
  10. 10

    The Habitat Company and Cabrera Capital Partners

    Affordable
    LeClaire Courts Phase 1Garfield Ridge · 183 units; full site up to 700 units
    Construction starting August 2026
    Confirmed by: Permit and news · Source
  11. 11

    The Community Builders and McCaffery Interests

    Affordable
    Southbridge Phase 1C, 2305 S State StNear South Side · 80 mixed-income units
    Nearing topping out
    Confirmed by: Permit and news · Source
  12. 12

    The Michaels Organization, with KMW Communities and TruDelta

    Affordable
    Hub 32, 136 N Kedzie AveEast Garfield Park · 51 affordable units with retail
    Full building permit issued September 2026
    Confirmed by: Permit and news · Source
  13. 13

    CEDARst Companies

    Residential
    1338 W Lake StFulton Market · 32 stories, 321 units
    Plan Commission approval February 2026
    Confirmed by: News · Source
  14. 14

    Domus Real Estate Group

    Residential
    215 N Racine AveFulton Market · 29 stories, 347 units (20% affordable)
    Plan Commission approval
    Confirmed by: News · Source
  15. 15

    F&F Realty Partners

    Residential
    1060 W Van Buren StWest Loop · 325 units with retail
    City Council approval February 2026
    Confirmed by: News · Source
  16. 16

    Honore Properties and Peerless Development

    Residential
    1415 N Dayton StLincoln Park · 28 stories, 340 units
    Zoning approved May 2026
    Confirmed by: News · Source
  17. 17

    Lagfin and R2 Companies

    Conversion
    The Bellwether, 79 W Monroe StThe Loop · 117 units
    First LaSalle corridor conversion to deliver
    Confirmed by: News · Source
  18. 18

    Sterling Bay

    Mixed-use
    Lincoln YardsLincoln Park and Bucktown · Originally planned at 53 acres
    Contracting: parts of the site have passed to its lender (reported)
    Confirmed by: News · Source

How this list was built. City of Chicago Data Portal, building permits dataset ydr8-5enu: permit type NEW CONSTRUCTION, issued 1 January 2025 to 25 September 2026, reported cost $10M or more (query run 26 September 2026). Phased permits repeat a project's cost, so value is counted once per site. Office-to-residential conversions file as renovations and are added from public reporting. Permit owners are usually project LLCs, so each developer is confirmed by a news or public-record source. Figures are as reported on 26 September 2026; statuses change. Developers can send corrections or additions to info@teramok.us. Free to cite with a link to this page.

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Which real estate developers are most active in Chicago in 2026?
Based on permits and public reporting: Related Midwest (The 78 and the Illinois Quantum & Microelectronics Park), Bally's, Onni Group (Halsted Pointe), Vista Property Group (Pearl Fulton Market), Riverside Investment & Development, The Prime Group, Golub & Company, Tree Street Group with Magellan, and The Habitat Company, among others listed on this page.
Which Chicago developers are building mixed-use projects?
Related Midwest at The 78 in the South Loop, Onni Group at Halsted Pointe on Goose Island, and Bally's at its River West casino-resort are the largest mixed-use projects in the 2025 to 2026 permit record.
Where is Chicago development concentrated?
Near West Side (Fulton Market and West Loop), West Town, Near North Side and Lincoln Park lead the $10M+ new-construction permits; the Loop leads office-to-residential conversions along LaSalle Street.
How was this list built, and can a developer correct it?
From the City of Chicago permit dataset plus a second public source for each developer, as of 26 September 2026. Developers can send corrections or additions to info@teramok.us.