A bit surprising to hear about this as it's right next to the sometimes noisy and busy Santa Fe (recently expanded to double tracks) lines. No bluff views or much in the way of downtown views unless the new construction goes multi-story (four floors or higher) But the developers may have gotten a good deal on the land offsetting construction costs while the rental rates at the nearby apartments due west on Samuels Avenue seem to be stable and high. More project details would be needed (number of units, single family, townhomes, or apartments, etc.) and of course, a City variance/waiver of zoning restrictions. Another downside might be from rising property values in this traditionally working class Hispanic residential area called Rock Island. But the effects of gentrification are already evident on Samuels Avenue and one look while driving down the street shows a number of larger parcels offered for redevelopment. I've heard rumors of on-going land deals north of the current redeveloped areas but its premature and the available information is too scarce to do more than mention it in passing. Then again, back in 2008 it seemed probable the entire neighborhood would be redeveloped in just a few years, but the Great Recession arrived and quenched any new development fervor for a while. After 26 years of living on Samuels and having friends who live in the eastern Rock Island residential area, it seems inevitable all of it will be redeveloped in the years to come. Only the timeline remains for speculation. It will be interesting to observe if this is the start of a new development initiative east of Samuels or not. I'll post here if more information about other development in the neighborhood surfaces in the months to come. Single family new dwellings would be very welcome to offset the blocks of apartments on the south end of Samuels so this could potentially change the direction of new development in the neighborhood. I think a gated residential area might be security overkill but might justify dwellings in a higher price range-David Weekley Homes has offered in recent months some single family units to the south in the Hillside area priced at $760k and above. Thanks Austin55 for sharing.