The new towers coming to the stretch of Milwaukee Avenue just south of California Avenue have been built surprisingly quickly and now it is time to lease them up. Developer Henry Street Partners, led by former Intelligentsia co-CEO Rob Buono, launched a scaled-down version of the development’s website a month ago, but now we have a few more details about the project’s amenities and what types of units are currently available to rent. What’s missing however is the rent prices, as all of the units available on the website are listed at $0 (now, that’d be really affordable housing). Chicagoist reached out to Buono for clarification and were told that the convertible units at the now-dubbed MiCA will start at $1,495 per month.
While new studios in the Loop can cost $2,000 per month or more, the prices of these new apartments near the California Blue Line station are likely to cause sticker shock to longterm Logan Square residents. And what makes matters even more shocking for Logan Square residents is that this seems like it has become the new normal. There are at least a few other new rental developments in the area (L Logan Square, 2501 Armitage, 1920 N. Milwaukee) currently under construction and at least a few more (1980 Milwaukee, the Congress Theater mid-rise, California Studios) in the proposal stages. And according to the folks behind a new rental project near Milwaukee Avenue in Wicker Park, people are apparently renting these pricey new apartments.
- Rents At California Blue Line's New TOD Start At $1,495 A Month For A Studio 'Convertible' [Chicagoist]
- Logan Square twin towers gets new website and name [Curbed Chicago]
- More apartments proposed for booming Milwaukee Avenue [Curbed Chicago]
- Apparently People are Renting the Pricey New Apartments Along Milwaukee Ave. [Curbed Chicago]