Baker Development Corp. builds Lincoln Park luxury apartment tower

  • 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.

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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.