Search
 

Baker Begins Lincoln Ave. Ultra Luxury Tower

CHICAGO—There has not been an apartment development like this built in the neighborhood in decades.

By Brian J. Rogal | brianjrogal | | Updated on March 16, 2016

 

chi-lincoln_0003 (4) ELEVATE Lincoln Park will take the place of the demolished Lincoln Centre.
CHICAGO— Baker Development Corp. will begin transforming a stretch of Lincoln Ave. in Lincoln Park this March when it demolishes the old Lincoln Centre complex and begins construction on ELEVATE Lincoln Park – a mixed-use 191-unit luxury apartment building.   “Lincoln Avenue is the center of Lincoln Park and deserves an elegant building that will be the catalyst for restoring this portion of Lincoln Avenue to its original glory,” says Aaron Galvin of Luxury Living Chicago Realty , the exclusive leasing brokerage for the new project. “As the neighborhood’s first class A luxury apartment building, ELEVATE will offer upscale finishes and high-end amenities that will rival other luxury apartments in Chicago.” ELEVATE will be located just a few steps from entertainment venues such as the Apollo Theater, Victory Gardens Theater and the Lincoln Hall as well as just two short blocks from the CTA’s Fullerton Ave. train station. Scheduled for occupancy the summer of 2017, ELEVATE Lincoln Park’s 16,300 square foot retail area will be located at 2518-36 N. Lincoln Ave. adjacent to the newly renovated Apollo, while residents will have an exclusive entrance at 930 W. Altgeld St. The new tower will have a wide array of unit-types including a mix of studios; convertibles; one-, two- and three-bedroom units. Sixteen penthouse units on the tenth floor will include three penthouse duplexes that feature elegant finishes, a gourmet kitchen, a large master suite, private outdoor space and views of the Chicago skyline. ELEVATE will offer its residents a full complement of amenities. Outdoor areas will feature a large courtyard that overlooks Lincoln Ave. and have lounging areas, grills and a fire pit – all in a landscaped setting. The building will also have a roof top plunge pool and an outdoor dog walk. “We worked closely with the Wrightwood Neighbors Association to design a vibrant development that would transform the neighborhood,” says development partner, Dan Slack of Baker. “The housing market has changed over the last 10 years with more people choosing to rent over owning. There hasn’t been a new apartment building constructed in Lincoln Park like ELEVATE in decades. We expect that ELEVATE will be setting the bar for luxury apartment living.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.