Parkside of Old Town is one of Chicago’s newest residential developments and consists of 18 acres of land that will hold 32 separate buildings, providing 790 homes in the transforming Cabrini-Green neighborhood. These units will be a combination of market-rate, affordable, and public housing and will replace three Chicago Housing Authority high-rise buildings that were put up in 1958. A full 50 percent of the project will be made up of the public and affordable housing units. The market-rate homes will be condos and townhouses and range from a 700 square-foot one-bedroom condo priced at $215,990 to a 2250 square-foot three-story three-bedroom townhouse that lists for $799,990. The first townhouses should be complete at the time of this writing and the first phase of condos will be ready for spring of 2008.
Whether condo or townhouse, the homes at Parkside of Old Town feature the usual list of amenities and finishes that attract buyers citywide. Potential residents will encounter hardwood floors, granite counter tops, custom cabinetry, stainless steel kitchen appliances, and designer bathroom fixtures. Condo-only amenities include a fully wired business center and a professionally equipped health/fitness facility. Townhouse prices include a one- or two-car garage, per plan. Optional roof decks are also available. All of this sits around a large central park, providing plenty of green space. The development is located at 465 West Division Street, putting residents in an ideal place to enjoy all the city has to offer. The homes are close to many long-time Chicago attractions and are also part of the many changes happening in the Cabrini-Green/Division Street area. Once considered one of the toughest neighborhoods in the city, the area is now becoming home to many brand new homes, restaurants, and retail stores, riding the wave of gentrification that is sweeping Chicago.
Parkside is being brought to life through the efforts of Kimball Hill Urban Centers, Holsten Real Estate Development, and Cabrini-Green LAC Community Development, which is a CHA tenants’ group. This is a project that will have a long construction phase, due to the sheer size of it, so home shoppers have some time to get in on the ground floor. Interested parties can visit the on-site sales center, which is open seven days weekly, or fill out the simple form below.