Chicago-based Belgravia Group, Ltd. will start construction on 66 condominiums at Triangle Square. The development will be a mixed-use development at 1701 W. Webster Ave. in Chicago’s East Bucktown neighborhood. The development will mark the first residential development in the North Branch Corridor since the area was rezoned in 2017.
“As the first new homes being built in this emerging neighborhood, the condominiums at Triangle Square offer a chance for buyers to live adjacent to Bucktown and Lincoln Park at prices that are well below what a comparable home in those areas would cost,” said David Goldman, co-CEO at Belgravia Group. “With over 25% of the building sold already, our buyers are excited about the opportunity to be a part of what’s to come, such as the proposed Lincoln Yards development, as well as enjoy easy access to great established neighborhoods.”
The project is expected to be complete in 2021. When completed, the Triangle Square will be footsteps away from popular shops, restaurants, and nightlife along Damen and Webster avenues. The Square will also be close to recreational venues like Holstein Park, the 606 Trail, and Midtown Athletic Club. The prices of the seven-story building condominium range from $516,500 for a two-bedroom residence, $605,000 for two bedrooms plus a den, $715,000 for three bedrooms, and $899,000 for three bedrooms plus an office.
The condominiums will be designed by multiple award-winning Chicago-based architect Sullivan Goulette & Wilson. The building is inspired by the masonry warehouses and steel bridges of the neighborhood’s industrial past. Liz Brooks, executive vice president of sales and marketing at Belgravia Group said, “In addition to attractive pricing, another advantage of Triangle Square is the wide variety of floor plans, which includes several three-bedroom options for buyers wanting more space.”
Brooks added, “With mortgage rates remaining at historic lows, combined with the pricing for the project’s three-bedroom-plus-office homes, this is a smart time for buyers to consider purchasing a larger home that will meet their needs for years to come.”