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Edgewater is a lakefront community area on the North Side of the city of Chicago, Illinois six miles north of the Loop.The most recently established of the city's 77 official community areas, Edgewater is bounded by Foster Avenue on the south, Devon Avenue on the north, Ravenswood Avenue on the west, and Lake Michigan on the east. [2]
The River North neighborhood got its name from Chicago real estate developer Albert Friedman (chief executive of Friedman Properties Ltd.), who in 1974 started to buy, restore, and build commercial property in the southeast sector. [10] Much of the area was a shabby urban neighborhood.
In February 2024, the Neshaminy Mall was put up for sale. [22] In June 2024, it was announced that Paramount Realty Group will purchase the Neshaminy Mall. [24] On July 15, 2024, Paramount Realty Group and Edgewater Properties closed on the purchase of the mall for $27.5 million.
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The Edgewater Beach Co-op Apartments, built in 1928, at the north end of the property, [4] and shown in the photo at right, is the only part of the hotel complex to survive and is part of the Bryn Mawr Historic District.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
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The Eastchester Depot is located on Tillotson Avenue near Conner Street off the New England Thruway (Interstate 95) in the Eastchester and Co-op City neighborhoods of the [ 41 ] [ 42 ] It was built in 1970, and is owned by Edward Arrigoni, former president of New York Bus Service (NYBS), and has been leased to the City of New York and MTA Bus ...