In Lakeview, condo project switched to apartments

The Lakeview Collection Lofts located at the corner of Belmont, Ashland and Lincoln Avenue has just been switched to apartments from condominiums.

Crain's Chicago Business has just reported that Centrum Properties has decided to build luxury apartments instead of condos in the Lofts at Lakeview Collection, a proposed $100-million mixed-used development.

The development will now include 130 apartments and 90,000 square feet of retail space.  The plan for the re-development of this corner had been anticipated in order to begin the transformation of the corner that currently features some pretty bad examples of 1960's and 1970's architecture including the 2-story LaSalle Bank/Bank of America building sitting on the corner now.