Luxury Condo Collection in the Works for Bronzeville
Fifteen luxury condos are planned for Chicago’s Bronzeville neighborhood, the Chicago Business Journal reported. The developer of The Collection on the Drive, Edward McBrearty, said he’ll initially construct the first phase of the row homes in the 3850 block of South Calumet Avenue, with completion expected later this month.
Additional homes will be built on Pershing Road in the second phase of development, and the third phase will see homes constructed on King Drive.
According to McBrearty, homes in the first two phases will cost $825,000–$835,000, with homes on King Drive selling for slightly more.
“Developers looking south for deals yield to Bronzeville’s apparent resurgence as a highly sought-after neighborhood in Chicago for luxury living,” a spokesperson told the Business Journal. “It’s the first of this kind of development in the area but it is sure to strike a trend as the market starts trending upwards again.”