Wednesday, March 21, 2018

St. Boniface Church Is Resurrected as a New Condo Development | Chicago magazine | April 2018

St. Boniface Church Is Resurrected as a New Condo Development | Chicago magazine | April 2018: "In a nod to the church’s charitable history, Northwestern Settlement, a social services agency, plans to move its offices into the new building. The nonprofit’s space will include four affordable housing units.

Skoulsky says that it’s still too early to give a price range for the units in the main part of the development, Skoulsky says, though he does concede that, given the size, “the prices may push the neighborhood.” (The average condo in Noble Square now goes for $511,000, according to Redfin.) Better hope you find some pennies from heaven scattered on the sidewalk."



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This is a historic church that has been closed for several years. It will reopen as a high-end condo development. It's nice that there will be a social services agency there, and four units that are "affordable," but it is another example of trends in the housing market since the crash of 2008, where developers are interested in building for the rich.


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