Wednesday, June 10, 2015

Photos: Development sites await their fate on bustling West Diversey in Lincoln Park

506-514 West Diversey in Lincoln Park. All photos, Eric Rojas, Broker, Kale Realty
Several vacant lots sit poised for apartment development along the exciting West Diversey Parkway near the lakefront. The properties from 506-514 West Diversey Parkway, Chicago IL 60614 could become a 50 unit upscale apartment building.  There are no construction permits issued for the site as of yet since the wrecking permit in February.

The lots are adjacent to the ornate vintage building that houses Yakzies and Galway Bay Irish Pub next door.

The 506-514 W Diversey property is across from the proposed condo tower at the current Market Place grocery site 521 W Diversey Parkway, Chicago IL 60614.

Additionally, the owner of the Inn at Lincoln Park, 601 West Diversey, would like to redevelop his property into a new hotel.

The eclectic couple blocks is home to bars, restaurants, services, vintage buildings, 1970s developments, hotels and is a gateway to lakefront amenities. It could use some new construction to diversify the housing and lodging for both residents and visitors.

There are concerns that three major developments overlapping will be a traffic nightmare.  But the housing and commercial property market conditions on the North Side of Chicago are very good.  It's no wonder you see larger developments slowing traffic seemingly everywhere you try to drive (it's really transitioned me to my bike for more and more daily work trips).

Popular Yolk breakfast joint is among many, many businesses that would benefit from new housing units on Diversey Place.
The Panini Republic now open 500 West Diversey at Pine Grove

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