Monday, November 13, 2017

The next wave of development on Lawrence Avenue, Lincoln Square

The Surpless Dunn building development is underway at 2150 W Lawrence (one conversion building and one new building for a total of 59 units) All photos Eric Rojas, Broker, Kale Realty
When showing houses in the Winnemac Park/ central Lincoln Square buyers tend to be unaware of the next wave of Lawrence Avenue development. There are some hints of development but many people don't pay much attention sleepy Lawrence while heading to a residential street. A six block strip will bring many new residential and commercial units online in the next 3-5 years and could stoke another round of  businesses too.  This is a great selling point I'm always sure to share!

The 1600 to 2400 blocks of West Lawrence fall in the 47th Ward.  The 47th Ward has fantastic development information posted to their site.

The Wintrust Bank parking lot development 2322 W Lawrence (at Claremont) was completed late summer and has a total of nine condo units.The highest priced closing in the building thus far is $624,000.

The Sears store development will consist of 59 units and ground floor retail.

New condos at Hamilton and Lawrence
The Chase Bank property development will feature 166 residential units.
The old garden center development is under construction at 2242 W Lawrence will have 14 residential condos.
The lot just west of Roots Pizza remains vacant but the owner had originally proposed a 24 unit rental building.
This is not a complete list.  There is a vacant lot next to Roots Pizza that was to be a 24 unit rental building and a 24 unit redevelopment of the Wintrust Bank processing building at 2247 W Lawrence. We've also seen the gut renovations of a couple apartment and office buildings along the strip!

No comments: