Tuesday, January 13, 2015

tale of two cities

Temporary homeless camp to be closed down: "Equity purchased the building home to the much-loved E Madison pizza joint and other businesses in spring of 2013 for $10.3 million with plans to develop a six-story, 140-unit mixed-use apartment building on the land. To date, there are no demolition permit applications on file for the property nor any early signs of construction paperwork likely putting the project a long time from construction work.
"In recent weeks and through December’s bitterly cold nights, the doorways and old patio area of the Piecora’s building had become a refuge for homeless campers. Along with some piles of garbage, the campers have collected blankets and backpacks along with random treasures like a discarded Casio keyboard."

Meanwhile: "The most expensive single-family home sale in 2014 on Capitol Hill according to real estate site Estately was the $7.7 million plunked down for Harvard-Belmont Historical District mansion that at one point listed for $11.2 million....Overall, the top 5 home sales in our rankings averaged a price tag of $4.38 million."