|I took this photo of a typical new construction house going up in North Center adjacent to an original, modest ranch house.|
However, the luxury market demand has seemed to surpass the demand for good schools making North Center a "bedroom community" (my words) standing on it's own. My take is that high income earners are grouping together as a socioeconomic thing regardless of public schools, transportation, jobs or other factors. The location is fairly central (important) and the real estate stock has been available for acquisition and redevelopment. You have to have willing sellers to redevelop all these houses.
Read the whole article HERE
More on North Center, Chicago here