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January 14, 2022

GGLO files plan for 23-story U District apartment tower

Real Estate Editor

Photo by Colliers [enlarge]
In this image from Colliers, which brokered the December sale, the new tower will be at right (west), with the parking lot at left to remain for now.

Last month in the University District, the vacant former Walgreens and its east parking lot sold for $13 million to Fields Holdings of Los Angeles, a very active developer of off-campus student housing. Now, for likely partner Core Spaces of Chicago, also active in the U District, GGLO has filed a 23-story tower plan at 1205 N.E. 50th St., on the corner of 12th Avenue Northeast.

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