328 New Untis to be built in the burgeoning Streeterville area. The address is at the corner of Grand and St. Clair right across the street from another new project at 550 St. Clair. Construction on both builings is set to begin in early 2006.

Brand New Hi-Rise Project just announced in River North at 303 W. Ohio.
"The Silver Tower" will be ready in 2007 with prices starting in the low $200,000's.

Taken from Realty Times:

Lake View is in a "healthy market"
I don't really believe we have a bubble. The Lake View market has only had a 37 percent increase in the last five years. That's just under an 8 percent increase a year, which is a fairly sustainable rate in the condo sub-market. Rogers Park has seen 138 percent and Logan Square has seen 100 percent increases over the same five-year period. The citywide average has been growing at $15,732 a year, so not only is Lake View not in a bubble environment but it represents a fairly stong comparable value.

There is a lot of inventory and more is starting to come on the market. Property left over from the summer selling season are being forced to lower their price to compete with new fresh listings. Buyers are taking more time to choose and are being more selective in what they decide to put an offer on. Buyers are looking for everything they want in a home and are taking the time to look for it and not feeling pressured to buy right away, Interest rates are still staying steady for the buyer.