Wednesday, December 5, 2012

Sun-Times Revisits Maryville

The Sun-Times' David Roeder takes a look at the Maryville property and what's proposed for it:

"In real estate lingo, the 3.5 acres at Montrose and Clarendon, the old Maryville Academy property, has been “in play” for several years. Located just west of Lake Shore Drive, the site’s promise of premium views for high-rise dwellers has made developers dream big.

One such dreamer, Sedgwick Properties Development Corp., overplayed its hand with the neighbors. Sedgwick’s three-tower plan, conceived just as the housing market was crashing, would have brought in 850 residences. Local groups and Ald. James Cappleman (46th) vetoed the project last year, probably doing Sedgwick a backhanded favor.

Now, the site has other potential buyers. They are taking a more pragmatic approach and have shown they know how to handle community pressure."

Read the entire article from the Sun-Times here, and remember that the next community meeting with the prospective developers is Thursday, December 13th, at 7pm, at the Clarendon Park Fieldhouse, 4501 N Clarendon.

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