Apartments Near Mariano's Scheduled for May Move-In

Developers predict a May 2014 opening for 150 new apartments north of a newly-constructed Mariano's Fresh Market. 

Situated at Ravenswood and Lawrence avenues, the Ravenswood Terrace development consists of five buildings with one and two-bed room rental units. 

The project is a new type of venture for the Belgravia Group, a company that typically specializes in condos and apartment renovations. 

"But this is a very unusual and very compelling site," founder Buzz Ruttenberg said. 

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With the apartments' proximity to a Metra station and the CTA Brown Line, CEO Alan Lev predicts high demand for the units. 

Prices will start at $1,400 for a one bedroom apartment, and $1,800 for a two-bedroom unit. 

Developers compare that pricing to that of River North, which average $2,400 and $2,800 for one and two bedroom rentals. 

Read more: 

• Construction on Lawrence Avenue Underway with November Deadline
• Potluck Launches Ideas For Empty Lawrence Avenue Storefront
• New Brewhouse Rejects River North for Ravenswood Location
• Retail Space, Parking Added to New Lawrence Avenue Apartments
• Lawrence Avenue Plan Good for Pedestrians, Bad for Business