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
- 01
Related Midwest, with Chicago Fire FC
Mixed-useThe 78: Chicago Fire stadium, 1331 S Wells StSouth Loop · 22,000-seat stadium, $750M privately funded; $102M superstructure permit - 02
Related Midwest and CRG
OtherIllinois Quantum & Microelectronics Park, 3733 E 87th StSouth Chicago · 128-acre campus; PsiQuantum anchor of about 300,000 sq ft; $100M core and shell permit - 03
Bally's Corporation
Mixed-useBally's Chicago casino-resort, 705 W Chicago AveRiver West · $1.7B project with a 500-room hotel; $580M interior permit - 04
Onni Group
Mixed-useHalsted Pointe Phase 1, 931 N Halsted StGoose Island · 46 stories, 460 units (92 affordable); master plan up to 2,650 units; $190M permit - 05
Vista Property Group
ResidentialPearl Fulton Market, 370 N Morgan StFulton Market · About 494 units; first phase of a roughly 1,500-unit plan - 06
Riverside Investment & Development
Conversion566 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 - 07
The Prime Group, with Capri Investment Group
Conversion208 S LaSalle St; 111 W Monroe St; Thompson Center redevelopmentThe Loop · 226 units at 208 S LaSalle; 345 units at 111 W Monroe (reported) - 08
Golub & Company
Conversion30 N LaSalle StThe Loop · About 349 units (reported figures vary) - 09
Tree Street Group and Magellan Development Group
Residential410 N Elizabeth StFulton Market · 33 stories, 383 units (77 affordable); Chicago's first all-electric geothermal apartment tower - 10
The Habitat Company and Cabrera Capital Partners
AffordableLeClaire Courts Phase 1Garfield Ridge · 183 units; full site up to 700 units - 11
The Community Builders and McCaffery Interests
AffordableSouthbridge Phase 1C, 2305 S State StNear South Side · 80 mixed-income units - 12
The Michaels Organization, with KMW Communities and TruDelta
AffordableHub 32, 136 N Kedzie AveEast Garfield Park · 51 affordable units with retail - 13
CEDARst Companies
Residential1338 W Lake StFulton Market · 32 stories, 321 units - 14
Domus Real Estate Group
Residential215 N Racine AveFulton Market · 29 stories, 347 units (20% affordable) - 15
F&F Realty Partners
Residential1060 W Van Buren StWest Loop · 325 units with retail - 16
Honore Properties and Peerless Development
Residential1415 N Dayton StLincoln Park · 28 stories, 340 units - 17
Lagfin and R2 Companies
ConversionThe Bellwether, 79 W Monroe StThe Loop · 117 units - 18
Sterling Bay
Mixed-useLincoln YardsLincoln Park and Bucktown · Originally planned at 53 acres
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.
What this means if you are launching in Chicago
By Kirill Samarits, founder and CEO, and Yiannis (John) Deves, partner and COO, TERAMOK
- Your competition is on the same few blocks.
The Near West Side, West Town and the Near North Side hold most of the $10M+ permits. A Fulton Market or West Loop launch in 2026 or 2027 is marketing to the same buyers and renters as several neighbors at once.
- Loop conversions add rental supply on LaSalle Street.
Office-to-residential conversions deliver units into the downtown rental pool together. Lease-ups there should plan for concessions and a longer campaign, and start marketing well before the first move-ins.
- Start about six months before sales open.
Brand, labeled renders, a walkthrough film, the launch website and a waitlist should be ready on day one, not built after the building next door opens its sales gallery.
- Budget for a crowded market.
Condo marketing budgets commonly run 1% to 1.5% of projected sellout, and up to 3% for slow or luxury sellouts. Lease-ups run around 0.5% of project value. In a busy submarket, plan toward the top of the range.
- Set the target in contracts, not impressions.
Work back from the presale number your lender needs to the reservations and qualified leads it takes, then plan every channel against that monthly number.
Next: How many presales a new condo needs · Our published prices
Questions about developers in Chicago.
TERAMOK is headquartered in Chicago and markets new developments, lease-ups and conversions: brand, film, launch websites and presale campaigns.
Chicago new development marketing- What does this pipeline mean for marketing a Chicago launch?
- Most large permits sit in the Near West Side, West Town and the Near North Side, so launches there compete for the same buyers and renters. Start marketing about six months before sales open, set targets in contracts, and budget toward the top of the usual 1% to 1.5% of sellout range.
- 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.