Centrum Partners
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New Development, Investment Anticipates Future Bloomingdale Trail
The Bloomingdale Trail is attracting new investment along its length, including the construction of new multi-family and single-family housing. The blocks bracketing the multi-use path and adjacent parks (collectively known as the 606) saw less construction than their wider neighborhoods during the 2008-2009 recession -- but now construction is picking up. Investors and developers are confidently saying that the 606 will not just be a great amenity for their customers, but a crucial transportation link as well.
November 17, 2014
Lakeview Developer First to Use TOD Ordinance to Reduce Parking
New rental housing planned next to the Paulina Brown Line station in West Lakeview at Lincoln Avenue and Roscoe Street is the first known development to take advantage of the transit-oriented development ordinance passed in 2013 that reduces parking minimums for buildings near transit stations.
January 30, 2014