I was driving through Pilsen the other day on 18th Street and happened by two big empty lots with signs on them for Centro 18.
Remember this development? They had ads in the paper about six to eight months ago. The property is on 18th Street about a block west of Halsted in the “Pilsen Arts District.”
Their website is still operational but other than having some funky music and talking about the location there is no other information about prices or floorplans. The development was supposed to include condominiums, city homes and townhomes. (Don’t ask me what the difference is between a “city home” and a “townhome”.)
I managed to find some information about pricing. From a letter to the Sun-Times:
Henry Cisneros’ company, CityView, is a primary investor/developer behind an enormous mixed-use project called Centro 18, slated for construction in the heart of the Pilsen community. Of the 391 units in this project, 82 are designated affordable, and at sale prices ranging from $150,000 to $215,000. Market-rate units will sell for up to $699,000.
New construction has been moving south of the Metra tracks and into Pilsen for the last several years. This would be the first large scale development in the Arts District area. Doesn’t look like much life there. Just empty lots.
That’s a bad sign.