Quote:
Originally Posted by ardecila
I'm reserving judgment on Lincoln Yards. Right now it's just one midrise that hasn't even opened yet. A little early to call it an "extension of the CBD".
I still think there's a very good chance that the site ends up with townhouse developments as the 2020s version of Dearborn Park.
Even if LY is successful, it will proceed at a slower pace than Fulton Market because it's just one developer and they will not want to cannibalize their own leasing efforts by moving too fast.
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Generally agree though I doubt townhouses would maximize value given the desirability of Lincoln Park and Bucktown. I would speculate mid rise condos or apartments with a mix of some office uses. I would point to Triangle/Square development and other residential buildings on less desirable Elston as supporting evidence. Perhaps you can drop some $10 million SFR in there too at the end of the total buildout, but certainly not now. that big JDL project might be able to be replicated in LY.