Lucien Lagrange Condo Grows With the Economy

ON THE LEVEL(S): Lincoln Park 2520 regains six of its eight lost stories after a final round of construction funding comes through

Lucien Lagrange-designed condos, located in Lincoln Park

LINCOLN PARK $885,000 to $14 million

Originally slated to rise 41 stories, Lincoln Park 2520, the Lucien Lagrange–designed condominium tower on the site of the old Columbus Hospital, was scaled back to 33 stories when the economy soured. Now, after a final round of construction funding came through in late 2010, the planned tower has grown to 39 stories. That expansion reflects the confidence Ricker-Murphy Development has in the project, currently under construction at 2520 North Lakeview Avenue. “We’re building what will be the finest luxury residential building in Chicago for years to come,” says John T. Murphy, a principal of the company.

The developers would not disclose exactly how many units have been sold; Murphy would only say that almost 50 percent of the 175 to 190 units are under contract. (The number is imprecise because some buyers have purchased combined units.) Prices run from $885,000 for a 1,674-square-foot one-bedroom unit to $14 million for a duplex penthouse with about 11,000 square feet. The first deliveries are planned for early 2012. Carol Ann Edwards-Nasser at Prudential Rubloff is in charge of sales. A set of townhouses on the north and south sides of the site will be offered for sale at a later date.

 

Photograph: Courtesy of Ricker-Murphy Development

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