Looks like I wasn’t the only one calling around about the Lofts at Lakeview Collection. Crain’s reports this morning that Centrum Properties will turn the condos at Belmont, Ashland and Lincoln avenues into luxury apartments.
“The reason for the change is obvious — the condo market is soft and the luxury rental market for an infill urban deal of this type remains strong,” Centrum Principal John McLinden writes in an e-mail.
The six-story project, designed by Chicago architecture firm Hirsch & Associates LLC, now will include 130 apartments and 90,000 square feet of retail space anchored by a Bank of America branch and a David Barton Gym. The Chicago-based developer has yet to line up a loan for the project but plans to break ground this fall, Mr. McLinden says.
There you have it, sports fans. (Thanks to the sharp-eyed lakeviewer for the tip.)