Baker Development Corp. builds Lincoln Park luxury apartment tower

Luxury development in Lincoln Park represents a condo conversion opportunity
  • Project will be delivered in summer 2017, when minimal new supply is expected in Lincoln Park.
  • Rents at the development will exceed $3 a square foot.
  • There are apparently no more starter condos in Chicago.

This month Chicago-based Baker Development Corp. will begin demolition work on a Lincoln Park development site that in previous cycles would house a condo project.

Baker will instead construct a 191-unit luxury apartment tower that will feature units, amenities, services and finishes similar to condo developments.