WICKER PARK — Vermilion Properties has begun construction on a collection of 55 homes at that will range in price from $600,000 to $1.3 million.
Located near the busy intersection of Division Street and Milwaukee and Ashland avenues at 1650 W. Division St., the condos and townhomes will be set back from Division and accessed through landscaped walkways.
The development, dubbed Alcove Wicker Park, includes 43 condos in a seven-story building with an elevator. Floor plans will include two-, three- and four-bedrooms between 1,365 and 2,430 square feet. Base prices will range from $600,000 to $1.15 million.
Every condo has private outdoor space in the form of a balcony, terrace or rooftop deck. The building also has a common rooftop sun deck.
The 12 four-story townhomes will include 3 bedrooms, 3.5 baths and an attached two-car garage. Base prices range from $1.13 million to $1.31 million and the homes will become available next summer, the developer said.
Centrum Partners initially pitched the idea and gained approval from neighborhood leaders in 2016, but later sold the plan to Vermilion.
Back then, the development was attached to Wicker Park Connection, a 15-story, 140-unit apartment tower currently located at 1640 W. Division St. DNAinfo reported.
Ed Tamminga, chairman of the Wicker Group’s Preservation and Development subcommittee, supported the mix of condos, townhomes and apartments when it was proposed.
“This project makes a good case for where tall buildings are appropriate,” Tamminga said in 2016.
Resident Robert Mantsh said he liked the fact that the housing was both family- and millennial-friendly.
“People just do not stay 25 years old forever and will out grow these one-bedroom apartments with no parking available,” Mantsh said in 2016. “Eventually, these young tenants will not be easily replaced with new young tenants.”
Buyers who want new construction in Wicker Park or Bucktown currently have few options beyond 3-flat walk-ups, Carrie McCormick, a broker with @properties, said Thursday.
“Plans at Alcove show a great understanding of Wicker Park homebuyers,” McCormick said in a statement.
Alcove Wicker Park and Wicker Park Connection aren’t the only high-rise residential towers in the area.
These projects are within sight of the area’s tallest building, the 28-story Noble Square Co-op.
RDM Companies’ Robert Mosky — the same developer who turned the old bank into a CVS at 1200 N. Ashland Ave. — recently built a 33-unit apartment building at 1624 W. Division St.
And in April, City Council approved a zoning change for another Mosky project, a 16-story, 168-unit development at 1624 W. Division St.
Former Ald. Joe Moreno (1st) pushed the project to final approval despite years of vehement rejection by neighborhood leaders.
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