(To read more on the multifamily market, click here.)
CHICAGO-A Southwest Side chocolate warehouse will be demolishedand replaced by a $70-million residential development that canhardly be called plain vanilla. Up to 250 units, most of themtownhouses or units in two- to six-flats, will be built in the 4900and 5000 blocks of South Lawndale Avenue during the next threeyears.
"It'll be one of the largest residential developments on theSouthwest Side in 50 years," says John Molloy of the department ofplanning and development. Adds Alderman Bernard Stone, whose 50thWard covers the far North Side, "This really reflects theold-Chicago neighborhood style. I'm glad to see a neighborhood onthe Southwest Side coming back and be redeveloped."
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