The parcel of land located on 20th and Little Raven owned by AMLI, a Chicago-based developer, has broken ground. The 2.67 acre property was sold in December for $9 million. The project planned for Riverfront Park will be a 242-unit apartment complex that is five stories tall and has 344 parking spaces. The ground breaking comes just weeks after the completion of the Manhattan Phase 2. This project is another step to Riverfront Park’s master plan being complete. There are only three parcels of undeveloped land left in the neighborhood! With the trend of young professionals moving to the city, experts are confident that these units will be absorbed quickly and the market will not be overbuilt.
20th and Little Raven
August 8, 2012 by Leave a Comment