The Community Development Commission has approved $5 million in TIF money for 43Green, a mixed-use development located at 4308 S Calumet Avenue in Bronzeville. Located at the intersection of E 43rd Street and S Calumet Avenue, the project site is a vacant lot adjacent to the CTA Green Line tracks. The development is a result of the collaboration between The Habitat Company and P3 Markets.
Designed by Landon Bone Baker Architects, 43Green is a 10-story mixed-use development that will rise 106 feet tall. The project will face the street with 5,000 square feet of commercial space. Located on the floors above, the residential component will total 99 units, with 50 of the units designated as affordable and the remaining 49 units as market rate. The unit mix will consist of 19 studios, 23 one-bedrooms, and nine two-bedrooms for the affordable portion, while market-rate dwellings will be made up of 17 studios, 22 one-bedrooms, and nine two-bedroom apartments.
Featuring a terraced massing, the building steps back as the structure rises. On the south side, the setback from the property line preserves open space between the existing housing to the south of the site, creating a 200-square-foot landscaped courtyard. Along the western facade, units are set back as far as possible from the CTA L tracks to mitigate noise.
The precast concrete structure will be faced in textured concrete, contextual masonry veneer, and painted color accents. Balconies will be included for units along the northern and southern sides. Two-bedroom units will be located in the corners. A setback at the third floor is topped with a green roof. The seventh floor setback creates an amenity deck, paired with a fitness center on the seventh floor. There will be both a north-facing terrace and a south-facing terrace.
Located on a 39,000-square-foot lot, the building is placed along the northern edge of the site, aligning with 43rd Street. The residential lobby is accessed from S Calumet Avenue, with retail space facing E 43rd Street. Retail tenants will include a national fast food chain, a coffee shop, and a laundromat. The ground-floor landscaped terrace is adjacent to the parking area behind the building. Accessed from the alley, there will be 24 parking spaces, with 54 bike parking spaces. The lot was designed with permeable pavers for stormwater management.
The development will feature an Enterprise Green Communities Green standard, EV charging stations, and construction waste diversion. Previously zoned as RM-5, the project was granted a rezoning of the site to B2-3 then to a Planned Development by the Chicago City Council in January 2021. The Planned Development was also approved by the Chicago Plan Commission in January 2021.
Originally expected to break ground by summer 2021, the project timeline has likely been pushed as financing is secured, including the $5 million in TIF approved by the Community Development Commission. Construction will be led by a joint venture of Bowa Construction and James McHugh Construction Co, and is expected to last 14 months once begun. Originally planned to be completed by the end of 2022, that date is also likely to be delayed as financing and approvals aren’t expected to be finalized until October 2021.