Names such as “West Roscoe Village” seem to be easing themselves into Chicago’s real estate vocabulary, if not the official roster of city neighborhood designations. Is the term “East Lincoln Park” heading in that direction?
A couple of months ago I made the faux pas of using the term after hearing it uttered repeatedly by a real estate agent. Now the phrase is starting to crop up in advertisements for developments.
Hartshorne Plunkard Architecture and Peak Construction Development have teamed up to produce Converge, a mid-rise development of two-bedroom condos at 744 W Fullerton Ave. in “East Lincoln Park”. The “incredible, pre-grand opening incentive” prices start in the $480s.
As one of my bosses pointed out previously, the eastern sliver of Lincoln Park isn’t considered particularly exclusive. Yes, it’s closer to the lake and downtown than other parts of Lincoln Park, but it also has a heavy stock of rental housing.
However, some real estate agents say that the huge success of several condo conversions in the eastern portion of the neighborhood last year, such as 2000 North Lincoln Park West, has spawned a submarket.
There is a very small handful of convertible apartment high-rises left in the area and residents jealously guard the neighborhood’s predominantly low-rise aesthetic, so it will be interesting to see just how much mileage developers can get out of their new East Lincoln Park.