Centrum Partners Unveils Plans for Bloomingdale Trail TOD

Centrum Partners unveiled renderings for Centrum 606, its proposed mid-rise multifamily development steps from The 606. The renderings come after months of overcoming objections to the project from community groups.

Centrum 606 calls for 95 apartments at 1767 N Milwaukee, ranging from studios to three-bedroom units. The six-story building will have an outdoor terrace, bike storage, a fitness center and a lounge/entertainment room, and is pet-friendly. Its most attractive feature is its proximity to The 606, the 2.8-mile rails-to-trails project that intersects Wicker Park, Bucktown, Humboldt Park and Palmer/Logan Square.

To build Centrum 606, Centrum Partners will tear down the existing Aldi supermarket; Aldi signed an 18k SF lease in the new development. A 4,500 SF restaurant is also planned for the building.

Centrum Partners' original proposal for the project was rejected by the Wicker Park Committee's preservation and development subcommittee in March. The group cited a lack of affordable housing in the proposal. Centrum has since received support from the committee and other neighborhood groups, and the project was approved by the City Council. Groundbreaking is slated for March 2016, with delivery expected in Q1 2017.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Housing Shortage, Population Growth Draw Developers To Lehigh Valley

Tax Break Fight Threatens Development In Housing-Starved Long Island

'We Messed Up With Rent Control': CRE Execs On MoCo's Multifamily Hurdle

UK Investment Giant Funds First U.S. Development In Boston Suburb

Illinois' Record Storm Season May Be Changing The Risk Equation For CRE

Pied-À-Terre Tax Won't Deter Buyers Long Term, Developers Say

Venture One Real Estate Lands 132K SF Portfolio: The Chicago Deal Sheet

Investor Pays $98M For Foreclosed Downtown Atlanta Apartment Tower

GO Residential, Blackstone, Others Get H&R REIT Assets In $4.8B Breakup Deal

Related Midwest Is Betting Big On Chicago While Others Hold Back

Bally's Pauses Construction On Portion Of Casino Project Amid City Squabble

Owner Lands $67M Loan To Renovate Apartments On Revere Waterfront