Space Park may add value to homes in Lake View

Space Park

Lake View’s long-awaited Space Park is now topped with 150 cubic yards of soil and is shaping up for a summer 2008 opening, according to a presentation at Wednesday’s Triangle Neighbors Association meeting.

824 W Roscoe St

Since parks tend to add value to homes, we walked along West Roscoe Street to see what new homes might benefit from the park, 815 – 817 W Roscoe St.

We didn’t see much new construction along the 800 block of West Roscoe Street, but this dingy home at 824 W Roscoe St looked like it was about to be torn down.

Possible new development along West Roscoe Street

In between 903 and 909 W Roscoe St, we noticed this construction site (perhaps for a new single-family home), but we didn’t see any signs advertising the development.

Some studies have shown that a park can add a minimum of $10,000 to properties around the area, says Jim Ludwig, president of Triangle Neighbors. The group raised $1.28 million over three years to buy two lots for the park, which measures 50-by-125-feet.

“It builds community and gives the community more of an identity,” Ludwig says.

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