August 16, 2019
Locally-based Vermilion Development launched construction on Alcove Wicker Park, a new development of 43 condominiums and 12 townhomes between Division Street and Milwaukee Avenue in Wicker Park. The first homes at Alcove are scheduled for delivery in summer/fall 2020.
“Buyers who want new construction in Wicker Park or Bucktown have very few options beyond three-flat walk-ups,” said Carrie McCormick with @properties, which is marketing the property for Vermilion. ”Alcove is that rare opportunity to own new construction in an elevator building in this neighborhood, and is one of the best new-home values on the North Side.”
The condos are housed in a seven-story, elevator building, with base prices starting at $600,000.
The four-story townhomes include three bedrooms, 3.5 baths, attached two-car garages and 2,895 to 3,475 square feet. Base prices range from $1,130,000 to $1,310,000.
Last December, Connect Media reported that CIBC Bank USA provide $31.1 million in construction financing on Alcove.
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