Rental Tower on Sheridan Road?

10 May

It seems everywhere you read these days someone is talking about the new ‘rental market’ boom in Chicago. The question for neighbors in Edgewater is when will this so called boom reach our neighborhoods, or has it already?

It’s great that the real estate market is finding its footing once again but can we afford to return so quickly to the knee jerk building of the last few decades? The beat up condo market has left our area with high vacancies, can we really afford to have developers build 15-20+ story high rise buildings that may run in to similar problems? Isn’t Chicago’s population actually dwindling?

The site on Sheridan Road near Foster seems perfect for some high rise rental development. We’ve got to keep the pressure on newly elected Alderman Osterman and make sure hte community has say in the height and impact such a development would have on our community.

Harry Osterman

5539 N. Broadway St.
Chicago, Illinois 60640
Phone:312-806-4345
Fax: 847-332-1998

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