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Mixed Use

Jan 10, 2024

New Details Emerge in Logan Square's Latest Affordable Housing Development

Discover the latest insights into the forthcoming affordable development at 2525 N Kedzie Boulevard in Logan Square. Bickerdike Redevelopment, the driving force behind this project, is set to transform the current one-st…

New Details Emerge in Logan Square's Latest Affordable Housing Development
Traded Media
Traded Media

Traded Editorial

2 min read

Discover the latest insights into the forthcoming affordable development at 2525 N Kedzie Boulevard in Logan Square. Bickerdike Redevelopment, the driving force behind this project, is set to transform the current one-story commercial space, hosting a parking lot and City Lit Books. Unveiling a rich historical backdrop, this 43,000-square-foot site was once the original Logan Square station for the CTA from 1895 to 1970. It holds significance as the CTA, owner of the site, initiated a Request For Proposals (RFP) in 2021. The two finalists, Evergreen Real Estate Group with an 80-unit proposal and Bickerdike with the winning 105-unit project, reflect a nod to the area's history.

The Metropolitan 'L' Apartments

Bickerdike's return to the drawing board unveils an enticing two-structure proposal for the 'Metropolitan 'L' Apartments.' The development plans include 94 affordable apartments, a reduction from the initial count, offering one-, two-, and three-bedroom layouts. The first structure, along Kedzie, features a ground-floor retail space for City Lit Books, ensuring they retain their current rental terms. Meanwhile, the second, shorter building graces the angled portion along Linden. A charming plaza links the two structures, leading to N Milwaukee Avenue. Given its proximity to transit, including the nearby Logan Square station, the development emphasizes limited parking, aligning with a transit-centric vision.

Strategic Planning and a Nod to History

While the design is currently under wraps, Bickerdike has wasted no time in securing a 99-year lease on the site and initiating the funding application process. The developer's strategic approach in reducing the apartment count demonstrates a thoughtful response to community needs. The historical resonance of the site, once a bustling CTA station, adds an intriguing layer to the development. As the details unfold, anticipation mounts for the transformation of this space into a thriving hub of affordable living.

Funding Secured, Design Finalization in Progress

As the development gains momentum, Bickerdike has set the wheels in motion by securing a 99-year lease and embarking on the funding application journey. While the intricate details of the design remain in the finalization stage, the commitment to affordability and community-centric features remains steadfast. The 'Metropolitan 'L' Apartments' project promises not just a housing solution but a vibrant addition to Logan Square's landscape, seamlessly blending modern living with historical resonance. Stay tuned as the project takes shape, offering a glimpse into the future of affordable living at 2525 N Kedzie Boulevard.

#Chicago#Mixed Use
Published: Jan 10, 2024Last updated: January 15, 2024