David Roeder interviewed one of the three principals of Cedar Street in an article in Chicago Grid entitled How Flats Chicago is reshaping Uptown and other North Side neighborhoods: Alex Samoylovich is marrying rich amenities with “approachable” rents to turn distressed properties around.
He says "There is not one other neighborhood that we care about as much as Uptown," addresses the longstanding rumors that FLATS is interested in buying Lawrence House, and talks about how successful the "branding" of FLATS has been (and that the concept is based on hotel branding). Read the entire article here.
Whether you love Cedar Street or are grey-adverse, one thing is becoming clear: Cedar Street is already a huge player in the future of Uptown.
Re: the Flats....how do you get that kind of (credit line) money?
ReplyDeleteAgree with Lianna. I would love to see any company who can add value/clean up the current state of the Lawrence House...though I would also like to see some turnaround on current FLATS projects. Still waiting on that Salvation Army building across from Target...
ReplyDeleteThis is REALLY exciting stuff.
ReplyDelete@Lianna: Russia?
ReplyDeleteBuy it Flats!
ReplyDelete@Lianna: Put a business plan together, solicit investors, make a return on their capital. How does any business get funded? This is no different.
ReplyDelete