Morningside Reps Offer New Vision for Hahn Street Development Based on Changed Economy

Hahn Street plan shifts to apartment rentals.

Elmhurst officials were told on Tuesday that new residents for a proposed development near York Road and North Avenue were still out there, but in today's economy they want to rent rather than own. Whether the city wants to see more rental units downtown remains up for discussion. Representatives from Morningside Group on Tuesday presented a revised plan for the north part of the downtown tax increment financing district, an area bounded by North Avenue, Addison Avenue, York Road and Third Street and including Hahn Street. A previous plan for the area called for condominiums and retail space, but that was stalled by the downturn in the economy. Taking the new realities of the real estate market into account, the new plan shifts the living …

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