Why developers are bringing gigabit speeds to residential buildings
Matt Womack loved the Lake Michigan views, granite counters and stainless-steel appliances at the Shoreland, a sprawling, roaring ’20s-era hotel in Hyde Park that’s been converted to high-end apartments. But what stopped him in his tracks was the Internet connection. “I was on a tour, and I asked: ‘Did you say 1-gigabit?’ “ the 36-year-old programmer says. “One thousand megabits per second is pretty crazy.” It’s the kind of bandwidth that many businesses only now are getting, 10 times faster than the best residential speeds offered by cable providers, and 50 to 100 times faster than what most consumers have. The 330-unit Shoreland, being readied for a September opening by Antheus Capital LLC, based in Englewood, N.J., is believed to be the first residential deployment of “1-gig” broadband in Chicago. Others will follow soon…Please click here to read John Pletz’s full story in Crain’s Chicago Business.