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Another Large Rental Tower Proposed For Wicker Park

image courtesy of Costar.

Development on the southeast end of Wicker Park has exploded with rental building after rental building being built to capitalize upon the "Transit Oriented Development" benefits. Those benefits include not having to include parking with the construction of the building if it is within 1/2 a mile from 'quality' transportation. The intersection of Division, Milwaukee and Ashland Avenue offers the Blue Line el, buses and cabs, hence, making it an attractive location for those who don't own a car.

It also makes the area attractive to developers who don't want to waste any square footage on parking spaces; enabling the developer to generate additional revenue through commercial leases. 

That being said, another rental "tower" is now being proposed by developer RDM. The RDM proposal filed with the City of Chicago includes a 16-story building and 135 apartments. The tower would be located next to "Vision" a 33-unit building at 1624 W. Division Street that the Chicago developer completed in 2010.

Two additional rental buildings are currently under construction just steps away from the newly proposed development. Centrum is close to finishing a 60 unit building just West of this newly proposed plan. The first phase of the Centrum development will include 250 units. In addition to those 250 units, LG Development is currently adding another rental building to the corner of Milwaukee and Ashland Avenue that will include 58 units.

The obvious question to us is: what plans are being made to the Blue Line El to accommodate the potential increase in riders? Not only will this impact the Division Blue Line El itself, but also every stop south of that station. 

Developer Plans Wicker Park Tower - Crain's Chicago Business

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