A developer plans to build up to six small condo buildings on the 2900 block of West Fulton Street, betting that proximity to the CTA’s California Green Line el stop will spur sales.
Developer GenOne Group, which we told you about earlier, plans to construct several buildings with three or six condos apiece on vacant lots along the 2900 block, says Jameson Realty Group sales associate Patrick McDonough, who is representing GenOne. Details of the new projects will be available in the coming months, McDonough says.
The 2900 block of West Fulton (at Francisco) is about four blocks from the California el station if you head south on Francisco Street and east on Walnut Street toward the el stop, which is near California and Lake. McDonough notes that the Green Line stops at only two other stations after California – Ashland and Clinton – before arriving at the Clark / Lake stop, and thinks that’s a reasonably quick commute to the Loop.
That portion of East Garfield Park isn’t close to retail, but McDonough hopes that buyers will like the prices. Two-bedroom condos at The Flats on Fulton, on the 2900 block of West Fulton, are priced from the $220s to the $240s, and McDonough says the proximity of the project to the California stop is a selling point.
“We seem to be getting first-time buyers coming from everywhere – north, south, east and west,” McDonough says. “We’re getting people who’ve grown up in the neighborhood and people who live and work there now.”