Funding for a 120 unit apartment building has finally been secured by a New York developer to be built at 2211 North Milwaukee in Logan Square. Principal Real Estate based out of Iowa is providing the funding for this massive building that is estimated to completed sometime during the middle of 2016. What was once considered an area with one of the least amount of space is quickly becoming one of the hottest neighborhoods in Chicago. This new development has been downsized since March, when developer Property Markets Group went back to the drawing board and not only lowered the height of the building, but the number of units and parking spots that will be available as well. They went from proposing 136 units and 136 spaces to 120 units and only 67 spaces. The ground level retail has gone down as well from 15,712 sure feet to only 5, 246. Even with this dramatic downsizing, this new development will be great for the market. The next two years are going to be very exciting and innovative.