Chicago Developer Plans Two Edgewater High-Rise Buildings With 600 Apartments: Construction Fully Funded

A Chicago developer has announced plans to build two high-rise apartment buildings in Edgewater with 600 apartments.

Trilogy Real Estate Group paid $22 million for several properties, according to Commercial Observer, closing in December 2021.

The developer told the website it is now planning two residential towers.

“The capital is fully raised for the construction of both towers,” the developer said.

Trilogy paid $12.5 million for property at 169 Northeast 27th Street, 2728 Northeast Second Avenue, and 166 Northeast 28th Street in December 2021, according to The Real Deal. In addition, the company also bought 2634 Northeast Second Avenue, and 192 and 186 Northeast 27th Street for $9.8 million that same month.

Trilogy also owns additional property in the area.

In March, the company paid $30.6 million for the Edge 22 site at 2201 Northeast Second Avenue, according to The Real Deal.

 

The Edge 22 site purchased by Trilogy:

The location of one of the Trilogy properties:

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Downtowner
6 months ago

Bring it! Edgewater needs these new buildings to create that critical mass of people needed for an urban neighborhood.

Truth Matters
6 months ago

You got that right. Dozens and dozens of empty lots still in the core of the city. Hope this gets going fast.

chongalicious
6 months ago

how bout the business ,jobs,better schools,better infrastructure to support all of this “infill and density of half full apartment buildings”…putting the cart before the horse…

Anonymous
6 months ago

Yeah man.. keep waiting and looking for all that shit and you’ll continue to see nothing but empty lot after empty lot in this and all these areas.

They call me...
6 months ago

Retail follows rooftops

cleavage or bust
6 months ago

yeah more service level pay grade that cant afford the rents and contribute to the economy because they are maxed out….

Anonymous
6 months ago

^
I guess that means you’ll become another member of the h o m e l e s s then?

cleavage or bust
6 months ago

guess you think the median wage of miami is 100k????

Downtowner
6 months ago

It would be nice if things worked that way, but they usually don’t. Usually, housing and people come first, and then people start clamoring for better infrastructure, etc.

Melo is sigma and chad
6 months ago

About time that decades long empty lot is developed

I don't read the comments
6 months ago

the old midas next door and the newer midas across the street are next.

Anonymous
6 months ago

Its all about the money, honey!

A Nonymous
6 months ago

I wish Young Arts would develop their property – performance spaces, apartments for guest artists, cafe and restaurants. Could be funded and turn a profit with a condo tower where that pad for temporary shows sits.

to many trolls here
6 months ago

from Miami Today “The Bacardi Buildings Complex at 2100 Biscayne Blvd. has been a locally protected historic resource since Oct. 6, 2009, when it was designated by unanimous decision by the Historic and Environmental Preservation Board.”
Can’t touch it,

Anonymous
6 months ago

And that building would be an awesome looking club.

They call me...
6 months ago

That Young Arts music hits me so hard
Makes me say “Oh, my Lord
Thank you for blessing me
With a mind to rhyme and two hyped feet”

Anonymous
6 months ago

You expect people on here to care about historic properties? I bet people on here wouldn’t care if Freedom Tower was demolished for an Arquitectonica box. Still, Young Arts underutilizes such a nice property. Reminds me of who owns Freedom Tower…

Anonymous
6 months ago

Preach. Freedom Tower is like our Ellis Island and yet its run-down, shottily run by MDC, and the back is a parking lot.

They call me...
6 months ago

It was not run dow at the last events I attended there….it’s beautiful.

A Nonymous
6 months ago

I meant the parts that aren’t historic. That two story building on the north side has been unusable since the 2017 hurricane. It isn’t historic.

FEMA scammer
6 months ago

WHAT 2017 hurricane? The one that hit the lower keys a hundred miles away from downtown Miami?

Anonymous
6 months ago

Cool, hire a Chicago architect who can actually design a building that complies with Miami21 without a bajillion waivers, meaning built to human scale at the street, with articulation, symmetry, and stone cladding.

Tom
6 months ago

Urban growth is important growth Sprawl in bad growth because it wrecks the natural environment of Florida uhm… the place we love

Anonymous
6 months ago

Tom, are you five years old?.. because you sure write like one.

Shawn Kouri
6 months ago

Renderings please. I wanna see renderings. Here we go again. An article where some developer is planning 2 towers with apartments but what towers with apartments? There are no renderings.

adweeh
6 months ago

It’s almost like they aren’t available right now, and they’re still in the planning phase..

Anonymous
6 months ago

The definition of insanity. Doing the same thing over and over again expecting different results ^

Anonymous
6 months ago

Hey Shawn, just close your eyes and envision a repeated Architectonica design and there you have it!

Se me paro'
6 months ago

Got that right. Another square box with juxtaposed balconies….Voila

chango
6 months ago

and half occupied…not really a density boost…

Edgewater
6 months ago

You realize that the new buildings in Edgewater and Midtown are 95%+ occupied, right?

cleavage or bust
6 months ago

is that why i see all those now leasing signs hanging everywhere???? asking for reality….

Anonymous
6 months ago

Please God, no.