MCZ Development and GW Properties are looking to capitalize on the popularity of the 606 trail with a pair of transit-oriented developments next door.
MCZ this week secured a construction permit for its five-story, 25-unit building at 1741 North Western Avenue in Bucktown, down from the developer’s original proposal for 37 units, according to Crain’s.
The 2.7-mile trail has proven popular since it opened on the Near Northwest Side in 2015. In addition to drawing crowds of bikers, runners and stroller-pushing families, the trail has led to surging home prices and rents in the neighborhoods it passes through. That has also raised gentrification fears from community groups and public officials. [Curbed] — John O’Brien