CHICAGO—During Chicago's lengthy apartment boom, developers have been reluctant tobreak ground on new condo buildings, but things are beginning to change. Officials fromVermilionDevelopment just announced plans to begin sales forAlcove MDP, a condominium and townhome developmentin the Wicker Park neighborhood. Located at 1648-1650 Division St.just a block away from the CTA Blue Line stop and adjacent to a newmixed-use rental development, Alcove MDP will provide 43condominiums and 12 townhomes. Named for its location betweenMilwaukee, Division and Paulina, Vermilion will begin pre-sales inearly April and plans to deliver the units by late 2019.

“The timing of this project couldn't be better as we're enteringthe condominium market just as it's starting to heat up again –giving buyers more options for new-construction,” says DaveCocagne, president and chief executive officer ofChicago-based Vermilion. “As many renters are making the move tohomeownership, the condominiums and townhomes at Alcove MDP will bea much-needed addition to this popular neighborhood that iscurrently underserved for new-construction homes of thiscaliber.”