Bluewater Group To Build 187 Condo Units

CHICAGO-Bluewater Group 2 Inc. will construct a 15-story building offering 187 condo units, townhouses and ground level in the city’s Edgewater neighborhood. The development, at 5440 N. Sheridan, will be known as Bluewater 5440. Condo units will reportedly range in price from $160,000 to $1.2 million, with townhomes priced from $900,000 and the lower-level homes around $340,000.

“The concept of the building is a glass box that acts to be a tower to mitigate between the high rises to the east and the low density residences on Kenmore to the west,” says Joe King, architect at Booth Hansen, which is designing the project. “It also creates a streetscape of residential units, as opposed to a wall of parking along Sheridan.” Bluewater, the developers, did not return calls for comment.