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Landmark Logan Square Building Poised for Redevelopment

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This neoclassical bank building may one day feature new retail and residences

A historic building that fronts both Logan Boulevard and Milwaukee Avenue is in the process of exchanging hands and could signal even more redevelopment in the quickly gentrifying the Logan Square neighborhood. According to a member of the family that currently owns the former Logan Square State Saving Bank building at 3061 W. Logan Boulevard/2551 N. Milwaukee Avenue, the limestone-clad building may be the focus of a new mixed-use proposal in the coming months. The building was last purchased in 1970 by Dr. Gonzalo and Dina Ruiz, who currently use it for their Logan Square Med Spa business. The sale is expected to close just after the first week of March. No sale price was given, but it is somewhere between the $2 million to $3 million range.

·Previous Logan Square coverage [Curbed Chicago]

·Gentrification Watch archives [Curbed Chicago]