Monday, October 30, 2017

New East Lincoln Park luxury development offers large apartments near the lake (not on MLS!)

Bob and I check out the construction site and West Diversey and North Hampden in East Lincoln Park.  The busy stretch of West Diversey is home to several large developments. (all photos Eric Rojas, Broker, Kale Realty)
We checked out the construction site of The Hampdens recently at the Lincoln Park and Lakeview border.  The marketing brokerage of Jameson Sotheby's hosted a pre-market event for brokers early this month. We often are made aware of and preview developments and off market sale opportunities to show our clients ahead of the general population.

Marketed as The Hampdens the new development will command luxury prices.  The building at 2773 N Hamden at West Diversey on the site of the old Market Place grocery store will feature 30 units priced from $899,000 to $1.4 million. A second building at 2753 N Hampden will feature 15 larger more luxury units priced at $1.2 to $3 million according to the marketing site.  

The new development is a block or two from the North Pond area of Lincoln Park.

 The highest priced condo sale in the past five years within two blocks of The Hampdens was $1.2 million at 2715 N Pine Grove Ave Unit 3, Chicago, Illinois 60614 in 2016 (a six unit building). These much higher priced speculation units of The Hampdens are yet another indication of the palpable demand and shift to high-end new construction in Lincoln Park.  Just a couple more blocks south of this location at the luxury high-rise 2550 N Lakeview $2 million plus condos are the norm... but that building overlooks the North Pond and has better lake views.

We've loved selling, buying, living and enjoying this area of Lincoln Park / Lakeview for many, many years.  See some past posts here!

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