Chicago-based Vermilion Development, and its exclusive sales and marketing firm, @properties Developer Services, have announced that construction has topped off at Alcove Wicker Park, a new 43-unit luxury condominium building set to deliver this fall. Alcove Wicker Park also features 12 new-construction townhomes.
Located between Division Street, Paulina Street and Milwaukee Avenue, Alcove Wicker Park offers a quiet courtyard setting just steps from the vibrant restaurants, shops and entertainment of Wicker Park. The community is also just steps from the CTA Blue Line Division Street station.
Alcove’s seven-story elevator building is designed by Hirsch MPG Architecture and features 1,365- to 2,430-square-foot floor plans with two to four bedrooms, two to three-and-a-half baths and single-level or two-story layouts. The two-story condos have private entrances; several plans also have designated flex space and every condo comes with private outdoor space in the form of a balcony or terrace measuring at least 8 feet deep. Base prices range from $600,000 to $1,150,000, with deeded garage parking available from $37,500.
“Alcove Wicker Park answers the renewed call among city homebuyers for larger living space and access to private outdoor areas,” said Kerry Dickson, director of residential real estate at Vermilion Development. “Flex space in particular has become an absolute necessity as today’s buyers are prioritizing home offices, playrooms and fitness areas.”
Construction workers hoisted the final steel beam into place on Alcove’s penthouse floor in mid-June. Masonry work is proceeding on the building’s lower floors, and the first condo buyers are scheduled to take possession in early October. The first townhome residences at Alcove will deliver in late November.
With 2,895 to 3,475 square feet of living space, the four-level townhomes feature three bedrooms plus a den, three-and-a-half baths and attached two-car garages. Each townhome also has a penthouse bonus room with access to a private roof deck. Base prices range from $1,135,000 to $1,365,000.
While Alcove is set back from the street in a semi-private courtyard, residents have easy access to shopping, dining and convenience retail along two distinct pedestrian corridors.
“Homeowners can access both Division Street and Milwaukee Avenue from the courtyard and enjoy outdoor dining at Bangers & Lace, a gourmet coffee at Philz, head next door for a Target run or walk to the Jewel, which is just a block away,” said Cyndy Salgado, executive vice president of sales for @properties Developer Services.
