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Another 260 Units Ticketed for Central Station

CHICAGO-Central Station, LLC plans a 260-unit, $80-million condominium and townhouse project on 3.5 acres at 1801-1935 S. Calumet Ave. Completion is expected in late 2007.

By Mark Ruda | Updated on April 18, 2005

CHICAGO-The latest piece in the Central Station development will be a 260-unit, $80-million condominium and townhouse project on 3.5 acres at 1801-1935 S. Calumet Ave. Central Station, LLC, the joint venture between Cleveland-based Forest City Enterprises, Inc. and Fogelson Properties, Inc., has received a favorable recommendation from the plan commission.

Central Station Development Corp. president and chief executive officer B. Timothy Desmond tells GlobeSt.com the one-, two- and three-bedroom condominiums will be priced from the low $200,000 range to mid $500,000 neighborhood. The townhouses will be priced around $650,000, he adds. The developers hope to open a sales center in the fall, Desmond tells GlobeSt.com, and begin construction in spring 2006. Construction is expected to take about 18 months, he says.

The density of the 260-unit portion of the development is 10% to 35% less than allowed under current zoning for the site, which was expanded from 1.6 acres to 3.5 acres to accommodate the 27-story condominium tower and four-story townhouses. The site borders the St. Charles Air Line and Metra railroad tracks to the east and the Prairie Avenue Historic District one block west.

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