Construction begins on Belgravia’s Triangle Square condos

As part of the $200 million Triangle Square development, Belgravia Group is building a 66-unit condo building and Lennar Corporation is erecting a 300-unit apartment building

Chicago /
Mar.March 03, 2020 01:00 PM
Rendering of Triangle Square Condos (Credit: Triangle Square Condominium LLC/Belgravia Realty Group)

Rendering of Triangle Square Condos (Credit: Triangle Square Condominium LLC/Belgravia Realty Group)

Construction is underway on the first residential development in Chicago’s 760-acre North Branch Corridor since the area was rezoned in 2017.

Local developer Belgravia Group just broke ground on a seven-story condo building with 66 units as part of the $200 million Triangle Square project at 1701 West Webster Avenue on the border of Bucktown and Lincoln Park. Its partner, Miami-based Lennar Corporation, will put up a seven-story apartment building with 300 units on the 4.1-acre triangular property bounded by Elston Avenue, Webster Avenue and Metra’s UP-North line tracks, not far from Sterling Bay’s planned Lincoln Yards megadevelopment.

The condominium units range in size from about 1,200 square feet and 2,100 square feet. They start at $516,000 for a smaller two-bedroom unit. More than 25 percent of the condos in the building are already under contract, according to Belgravia.

A third building offering retail space is also planned for the project.

In late 2018, Belgravia and Lennar paid $21.8 million for the two parcels where they’re building the mixed-use residential development.

The firms recently secured a $69 million loan from Wells Fargo for the project.

Triangle Square is expected to be completed sometime next year.


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