LOGAN SQUARE — A studio apartment in the complex coming to the former Megamall site will set you back at least $1,975 a month.
A two-bedroom apartment? At least $3,295 a month.
That’s according to the project’s new website, posted on new signs along the construction fence at the northern end of the site. The signs also announce the project’s new name, “Logan Apartments,” or simply “Logan.” The project was called “Logan’s Crossing” before Fifield Companies became the lead developer.
In addition to studios and two-bedroom apartments, the complex, rising in the 2500 block of North Milwaukee Avenue, will also offer “junior” one-bedroom apartments starting at $2,150, and one-bedrooms starting at $2,495, according to the website.
In an email, a spokeswoman for Fifield Companies said, “As with all listed rent prices those are subject to change.” She said rents won’t be established until closer to opening.
The developer aims to open the complex sometime in late 2019, according to the signs. Construction is currently in full swing, with crews and equipment taking over the block.
In addition to 220 apartments, plans call for 62,000 square feet of retail space, including a small-format Target and an adjacent 44-spot parking lot for shoppers.
The seven-story development will be split into two buildings connected by a skybridge and anchored by a clock tower. Tenants will have access to a pool deck, bocce ball court, a co-working space and a fitness club, among other amenities.
At the official groundbreaking ceremony, held this past September, the development team said they’d reserve 10 percent of the apartments as affordable housing.
Most recently, the site was home to an indoor flea market, called the Discount Megamall. In its heyday, more than 100 vendors sold everything from cell phones and gym shoes to all manner of tchotchkes at the Megamall.
The indoor flea market lasted more than 20 years, despite being slapped with more than 100 building code violations, a yearlong shutdown, a move by the city to seize it via eminent domain and a 2007 fire that reduced the showroom space to less than a third of its original size.
Before the mall took over the block in 1995, the site was home to a building materials company and a hardware store. Years earlier, from the 1920s until the 1960s, the stretch was lined with auto repair shops, ornate showrooms and dealerships — many of them featuring intricate terra cotta facades.
Crews razed the Megamall to make way for the redevelopment project in March 2017.
“Logan Apartments” is the latest large-scale development to join the neighborhood. As of 2015, Logan Square’s development boom had brought more than 1,000 luxury apartments to the neighborhood, and that number has only increased since then.
Check out new renderings below:
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