CRER ( Chicago Real Estate Resources Inc.) is pleased to announce the sale of a 4.18 acre site located on the south-east corner of Elston and Webster in Chicago.
Eric Janssen, Justin Moore and Michael Weaver with CRER and Sean Connelly with 33 Realty collectively, brokered the $21.8MM land development sale from an affiliate of Newsweb Corp. to Belgravia Group.
Belgravia plans to develop Triangle Square, a mixed-use project including a 66 unit condo building with units priced starting at $495,000 to $1 million. The condos will be joined by an adjacent nine-story, 300-unit rental building and a two-story commercial structure containing ground floor retail with offices above. The $200 million development was approved by the Chicago Plan Commission in September and is set for ground breaking sometime in 2019.