Logan Square Towers Will Have $1,500-A-Month Studios And Affordable Units
By Mae Rice in News on Mar 3, 2016 4:44PM
Today in “maybe hexes don’t work so well”: The $60-million, two-tower “transit-oriented development” right by the California blue line stop should be finished this fall, the developer behind the project told Chicagoist.
Rob Buono, of Henry Street Partners, said that the finished towers at 2293 N. Milwaukee Ave.—a 12-story Northern one, and an 11-story Southern one—will have a total of 216 residential units.
These will range range from 540-square-foot studios to 1,220-square-foot three-bedroom flats, and market-rate units will rent for $1,500 to $3,000 a month.
However, 22 of the 216 units will be “affordable,” Buono specified—no different in “size, configuration or finish.” “They’re identical [to the market-rate ones].”
These affordable units will have rents ranging from $798 to “just under $900” a month, Buono said.
The towers will also have 60 off-street parking spaces—less than typically required by law, thanks to special regulations regarding transit-oriented developments—and 8,500 square feet of retail space on their ground floors.
Buono said that construction crews broke ground on the project back in October, and that construction is proceeding “more or less on schedule.”
This is in spite of contentious public meetings, where neighbors voiced concerns about the towers accelerating gentrification, and just not fitting with the look of low-slung, boulevard-filled Logan Square. Due to these meetings, the towers were shrunk somewhat, from 15 and 11 stories to their current heights.
Now, though, the building process is well underway. Though Buono said crews are still pouring concrete, he added that they “expect windows to begin in the next three weeks.”
[h/t DNAInfo]