It seems like there is no end to the new construction happening around the city this season, and the latest neighborhood to get the new construction treatment is Old Town. Curbed recently reported that three new construction projects are breaking ground this spring around the heart of the historic neighborhood. On North Avenue just east of Orleans, a new seven-story building will rise in a former parking lot. It is slated to contain 69 residential units, street-level retail and an underground parking structure. Just down the street, at North and Wieland, demolition is scheduled for two historic buildings there to make way for a six-story residential and retail mixed-use building with parking as well.
Nearby on Wells north of Goethe, the same development company working on the building at North and Orleans is also working on another seven-story residential building, slated to contain about 60 residential units.
Adding to the Old Town construction is the Atrium Village redevelopment currently under way and the new glass residential tower at North and Division on the site of the old Jewel Osco (which will move back into the street level once it’s completed.) There’s also a new luxury tower going up at the southwest corner of North and Clark on the site of old Village Theater.
Interested in learning how all this development will affect property values and neighborhood amenities? We’d love to chat about it with you. Contact us!
*Photo courtesy of Flickr user Kim Scarborough.
File: Old Town construction