13 Decor Bedroom Text
13 Decor Bedroom Text – Decor Bedroom Text
Text by Ryan Smith
Logan Square is the abutting Wicker Park.
So alleges a marketing advertisement hyping the Logan Apartments, a mixed-use development by Fifield Cos. and Terraco Real Estate aperture on the armpit of the old Mega Mall. It’s a advertisement of what abounding Northwest Siders already know: Logan Square has entered the aforementioned appearance of gentrification that Wicker Park and Bucktown did a decade ago, in which trend-chasing developments accomplish for rising rents and a beachcomber of upmarket retail.
In added words, appear grab a allotment of the Hipster Highway while it’s hot.
But anticipation by the looks of the campus at 2480–2522 North Milwaukee Avenue, which includes a 27,000-square-foot Target abundance and 220 blueblood rental apartments now leasing, the bend may skip the Wicker Park appearance and mirror neighborhoods like River North and West Loop.
“I anticipate we’re seeing a new trend,” says Debra Dobbs, a agent in Logan Square with @Properties. “You’re acclimated to seeing these kinds of high-rise backdrop added in River North and Streeterville, but now they’re more advancing to a fun and active adjacency like Logan Square.”
But in business to the tattooed set, the Logan Apartments accession their own question: Are those buyers accessible to pay a exceptional for the affectionate of bougie address you’d acquisition abreast the Loop?
According to Gail Lissner of Integra Realty Resources, the acknowledgment is yes.
“[Logan Apartments] is annihilation atypical,” she says. “It’s the change of what’s still one of the hottest markets on the North Side. It’s constant with what we’ve apparent with development forth the Milwaukee Avenue aisle over the aftermost few years.”
Look southwest forth Milwaukee Avenue and you’ll find one-bedroom apartments renting for $1,970 a ages at the afresh complete Noca Blu. At the accompanying MiCA Towers at California and Milwaukee, they’re activity for $2,195.
Currently, active at Logan Apartments costs a minimum of two grand: $2,050 for a 574-square-foot studio, and $2,395 for a hardly beyond one-bedroom. A two-bedroom, two-bath abode acme out at $3,695. That’s decidedly college than the neighborhood’s boilerplate March hire of $1,244 for a studio, $1,382 for a one-bedroom, and $1,864 for a two-bedroom, according to apartments.com.
Dobbs doesn’t anticipate a accelerated rent-out at the Logan Apartments, but believes all 220 units will eventually ample up in what’s axis into a hot bounce for Chicago’s rental market. But she’s not abiding that’s an absolutely acceptable affair in an breadth in which ascent rents and acreage taxes accept affected adept association to attending elsewhere.
“The prices are crazy — bifold what you’d apprehend to see in Logan Square,” Dobbs says. “I anticipate it will absolutely change the activating actuality and I’m not abiding it will be positive. I’m afraid about what’s activity to appear to the assortment and appearance of what’s been a fun and active neighborhood.”
Bhaskar Manda, carnality admiral of the Logan Square Adjacency Association, shares those concerns.
“We aren’t blessed with this,” says Manda, who helped adapt a beef of the activity in 2017 based on the developer’s affairs to body affluence apartments with few affordable units. “I’m anxious with affordability and sustainability in the neighborhood. This is affirmed to displace people.”
Manda, additionally a baby Logan Square landlord, doubts that the Logan Apartments will ample up at their advertised rates, abnormally back he has agitation renting out beyond apartments in the adjacency for $1,500.
“I do apperceive that annihilation aural a division of a mile of the Blue Line is accepting college rates.”
Jon Schneider, chief VP at Fifield Cos., said in a statement:
“Other apartments in Logan Square with commensurable attic plans, finishes and amenities are analogously priced, and there is appeal in the adjacency for this blazon of rental. Though we are bringing to Logan Square what mimics city multifamily in agreement of units and amenities, we are accomplishing so in a way that is admiring of the absolute artful of the neighborhood. [We’re] additionally alms 22 affordable apartments, including studios [and] one- and two-bedrooms featuring the aforementioned attic affairs and finishes as the market-rate apartments, with the aforementioned admission to amenities.”
About those amenities: Tenants at the Logan Apartments will accept admission to all sorts of account that are attenuate in a adjacency mostly abounding with brownstones and three-flats, including a gym, committed co-working space, blaze pits, and an alfresco pond basin with adumbration cabanas. And because the Logan Apartments are targeting a type, there are additionally 188 spaces for bike parking and storage, additional a alleged “bike kitchen” for aliment and repairs.
As for the decor, the building’s accepted space is adorned with works by local artists, an colossal celebrated map of Logan Square, and reclaimed graffiti from the Mega Mall, a anatomy whose annihilation has appear to betoken the alteration face of Logan Square.
For Manda, the nod appear the accomplished is, if perfunctory, bigger than absolute erasure.
“It’s acceptable they’re accomplishing article to admit the neighborhood’s history.”
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