The new triple-tower high-rise project will be the first multifamily condominium project to be built in Lincoln Park since the early 70’s.  The design will incorporate a traditional masonry look, and overlooks Lake Michigan, Diversey Harbor, and the North Pond.  The $350 million complex includes a total of 312 condo units and 13 townhouses in three towers, which will be 22, 31, and 38 stories - easily classified as high-rise condos. One-bedroom to four-bedroom units will vary in size from 800 sq. feet to about 12,000 sq. feet.
Completion of these condominium towers at 2520 North Lakeview Avenue is expected to be in late 2009.  Demolition of the current site, which houses the former Columbus hospital, is expected to begin in November of this year.

But what about the housing slowdown?  According to an adviser to the builders, “The upper end of the condo market is tough, but we think this project will differentiate itself by the location and spectacular views.”  As if other empty condos in the city of Chicago aren’t located by and have great views of Lake Michigan.  You’ve got to hand it to them, though.  Very brave going ahead with this project in the current market, with analysts forecasting even more of a slowdown, or at times even an all out recession.  But the change to Lincoln Park will be welcome - the old Columbus Hospital shut down in 1998, and has been largely vacant since then.

Technorati Tags: Chicago Condos, Lincoln Park Condos, High-Rise Condos, Columbus Hospital

This entry was posted on Friday, October 27th, 2006 at 3:47 pm and is filed under Luxury Condos(t) , Downtown(t) . You can leave a response.