More than 400 units planned for Pilsen site

Screen cap of Google Streetview at 1930 S Jefferson St in Pilsen

Chicago Sun-Times business reporter David Roeder is already looking forward to a rebound in the local condo market, and he says Pilsen is one neighborhood that stands to gain the most.

Roeder reports that developer Ray Chin has received city approval to build a large mixed-use development in the 1900 block of South Jefferson Street that would include 446 residential units and 40,000 square feet of retail. Roeder says the site has been vacant for years, and a look at Google Street View seems to confirm it (photo above). The plot looks remote and weedy, and it’s bordered to the south by several warehouses.

In other news, David Betlejewski, the executive director of Eighteenth Street Development, tells Roeder that potential buyers have scouted the former site of Centro 18, although no sale has been announced. Developer Kimball Hill had announced plans in 2006 for 387 condos and townhouses on the 6.5-acre site located on Peoria Street between 16th and 18th streets in Pilsen, and in Roeder’s words, the deal “exploded” last spring.

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