Bucktown of tomorrow?

The latest area to receive the hype treatment from Chicago developers and real estate agents is the land roughly bounded by North Western, West Montrose, North Kedzie and West Belmont avenues. One developer predicts the intersection of West Belmont and North California avenues will be “like Bucktown in the next 10 years.”

The forecaster, who is coincidentally building a loft development nearby, says there is already a lot of foot traffic at that intersection and buyers are taking a liking to the 80-year-old homes in the area, while new construction is slowly filling in.

Some have even taken to calling the area “West Lake View,” he says, although we’re yet to hear that.

Nearby, the North Pulaski Road and West Elston Avenue corridors of what is a fairly blue-collar, ethnically diverse neighborhood are steadily attracting more commercial tenants and foot traffic, he notes. The Kennedy Expressway and the Chicago River are both not far. Remind you of another Chicago neighborhood?

Drop us a line if you are familiar with the area. Do you think it’s about to “take off” and would that be a good or bad thing for you?

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