BRIGHTON PARK — A development team is planning to build new town homes near the busy intersections of 35th Street and Archer and Western avenues.
Slated to open in the spring of 2015, McKinley Square will offer buyers a choice of dozens of three-bedroom, three-bath homes loaded with new appliances, open floor plans and attached garages. All told, 64 homes will be built, priced around $280,000.
Technically located in Brighton Park, the McKinley Square development will be built at 35th Street and Maplewood Avenue, just a few blocks away from the 35th-Archer CTA Orange Line stop, the Western Avenue and Archer Avenue bus stops and the grassy expanse of nearby McKinley Park.
Mike Hulett, a real estate agent who's marketing the property, said that Bridgeport-based builders T2 Construction are banking on a boom of city buyers looking to get more for their money.
Demand is high in Chicago for homes in the sub-$300,000 range, he said, but "there is literally almost no supply for it."
"Everything kind of came together where the project made sense at this time," he said.
Groundbreaking is expected later this summer, and the project will roll out in a few phases. Hulett and business partner Jennifer Liu are accepting inquiries about the properties, though.
The development is T2 Construction's follow-up to McKinley Gardens, a nearby collection of town homes at 35th Street and Western Avenue. That project was marred by the bankruptcy of developer William Warman, a setback which for years halted that development's progress until T2 stepped into complete it.
The final phase of that project is almost finished and is sold out, Hulett said.
The site for the McKinley Square development was originally slated to be called Maplewood Court, a collection of single-family and town homes, but that project fell through and the land was bought by T2.