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Old Posted Mar 10, 2008, 2:11 AM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,329
Taylor-Ashland redevelopment may not happen

A proposal to build a highrise condominium on the northeast corner of Taylor Street and Ashland Avenue has hit a snag that might be permanent.

“We could not get an agreement with anybody, so we have had to move on,” said Ted Mazola, president of New West Realty, which sought to build the project. “Right now, we are out of contact and are not doing anything with it.” New West had been working to obtain community support for its plans via meetings.

The sagging real estate market also discouraged the company from pursuing the project, he said, and “I really have no clue” whether it will be revived in the future, Mazola said.

New West’s plan specified an approximately 16 floor building with 185 condominiums and a two-story building containing offices and shops that would blend with existing structures along Taylor.

A two-story parking garage used by residents of the Campus Green apartment complex currently occupies the site.

-- Susan S. Stevens
http://www.nearwestgazette.com/Archive/2008/0308/UD0308.htm
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