Most people don’t think of affordable prices when they think of Lincoln Park, and these days, they don’t usually associate new construction with the highly developed neighborhood either.
Premiere Midwest Developers is hoping that this rare combination will spell a winner at Ashton Lofts, a 41-unit condo development planned for 1610 W. Fullerton. The project will offer new-construction units on the edge of Lincoln Park with prices starting in the $260s.
“Ashton Lofts showcases a powerful blend of creativity and cutting-edge mid-rise loft design,” said co-developer Teiva Hirshon, a partner with Elisabeth Hirshon and Steve Mendelsohn in Premiere Midwest Developers, LLC. Hirshon also was a partner in the recently completed 175-unit Park 1500 Lofts and the 150-unit Skytech Lofts in the West Loop.
Architects Studio 4:1 have designed a modern glass-walled five-story loft-style condo building for the 18,750-square-foot site, formerly occupied by the Krivo Industrial Supply Co.
“The Lincoln Park location and affordable prices are key attractions of Ashton Lofts,” said Jeff Venable, a sales associate for New West Realty, which is marketing the development. “We are right in the middle of everything. There’s plenty of nearby shopping on Clybourn Avenue and throughout the area, neighborhood parks and plenty of dining and night life.”
At press time, 10 units had been sold, including all five of the two-bedroom two-bath penthouses. Remaining units have one to two bedrooms, one or two baths and 935 to 1,120 square feet, priced from the $260s to the $310s. Parking spots cost $34,900.
The building will have a rooftop deck with a view of the Chicago skyline, a workout room, 60 parking spaces and 4,000 square feet of ground floor commercial space.
“One of the most attractive features of Ashton Lofts is the floor-to-ceiling glass window walls, which fill the residences with incredible light,” Hirshon said. The condominiums have 9¼-foot-high ceilings.”
A sales center for the development was scheduled to move across the street from the site, to 2350 N. Clybourn, at the end of February to make room for demolition.