Quote:
Originally Posted by Investing In Chicago
Anyone know what's going up at Elston and Irving Park? On Elston, North of Irving, there is a 5 or 6 story building under construction, i've been watching go up for 6 months going to the airport every week.
Edit: Library and Apartments?
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That one is officially known as "Independence Library and Apartments". A sister to the Northtown project, pictured above. There are four of these combos finishing up around the city.
They're nice, but nothing much more than a taxpayer-funded vote-getter for Da Mayre and now whoever he's endorsing. In fact, the completion date for the library portion of these buildings is just weeks before the Mayoral election. They're slated to be polling places.
What's interesting is that several large, private real estate firms own the land these are being built on. CPL and CHA are leasing the land for cheap, which means the "C" owes the RE firms some favors. The Chicago Way.