Business & Tech

Northbrook Builder Featured by Crain's

Red Seal Development lost its footing during recession, now making a recovery with Provenance development.

Red Seal Development, a Northbrook-based homebuilder, has made it through the storm since the 2008 housing bust and is expanding again with Provenance, a 137-home project near Northbrook in unincorporated Cook County - Chicago Real Estate Daily reports.

The article profiles the company, which began in the 1930s by building vacation homes in Wisconsin. It touched on their ability to stay alive following the “bubble burst” of 2008, which was the cause of an output of just 12 homes in 2009 following having 125 two years prior. Their comeback has been slow but steady.

Read more via Chicago Real Estate Daily

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