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Residential Development Under Construction in Chicago Gets New Life Thanks to Sale

Trieth Development Purchases Property of Long-Stalled Lincoln Square Development
A rendering shows the five-story residential development planned for 5035 North Lincoln Ave. (CoStar)
A rendering shows the five-story residential development planned for 5035 North Lincoln Ave. (CoStar)
By Sarah Templeton
CoStar Research
December 28, 2023 | 5:06 P.M.

Trieth Development has acquired the 28,000-square-foot property in Chicago's Lincoln Square neighborhood, a transaction that marks the end of a four-year stagnation of the under-construction residential development. 

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