Watching Wrightwood Crossing, from rendering to reality

In a day when we are seeing more development projects abandoned or put on hold than completed, it is refreshing to see a project come to fruition.  Over the past couple of months, Wrightwood Crossing has gone from a rendering to a reality.  Despite some early controversy, the project, located at 1307 W. Wrightwood in Chicago’s Lincoln Park Wrightwood Neighbors-West DePaul neighborhood, appears to be succeeding.

Led by strong pre-sales as reported in mid-2009, the project is now in early construction.  A quick scan of the Multiple Listing Service shows that of the 19 units, 3 are currently showing as available (all units may not be listed on the MLS) at the representative price points and 8 are showing under contract.  The 2 bedroom units start in the upper $400k range, 3 bedrooms in the low to mid $600k to upper $900k range, and 4 bedrooms are priced at just over $1MM.

Just goes to show that new construction can succeed in this market given quality location / site selection, manageable project size, innovative design, and of course pricing.

Related posts:

1. Shark bites: Three discounted condos in Wrightwood Neighbors
2. Aligning sellers with reality
3. Quote of the day: “A new reality”
4. The Habitat Company: perception vs. reality
5. Neighborhoods for the rest of us: Grand Crossing