Exterior construction is nearing the finish line for a new four-story mixed-use building at 508 E Pershing Avenue in Bronzeville. This new structure is being developed by The Community Builders, whose plans include 3,500 square feet of commercial space, topped by 53 apartment dwellings on the upper floors. Prior to development, the property was occupied by a vacant grass lot.
Under the Chicago Housing Authority, roughly two thirds of the units will be designated as affordable. The floor plan distribution consists of 50 single-bedroom units and three two-bedroom units.
Residents will find over 7,000 square feet of amenity space, which includes multiple lounges, a rooftop deck, meeting rooms, a fitness center, and a dog spa.
For parking, there will 42 spaces housed within a rear surface lot, as well as spaces for bikes. Closest bus service, meanwhile, can be found for Route 39, with stops at the adjacent intersection of Pershing & Vincennes. A seven-minute walk east are additional stops for Route 4 along the intersection of Cottage Grove & Pershing. CTA L service offers access to Green Line trains at Indiana station via a 12-minute walk southwest.
The current construction is just one stage within a much larger vision known as Oakwood Shores. Upon its eventual completion, the masterplan will provide 2,000 mixed-income residences and 60,000 square feet of commercial space to the Bronzeville neighborhood. As of now, just under half of these units have already been completed. Gensler has served as the overarching architect behind this 94-acre development.
Both James McHugh Construction Company and Brown & Momen are involved as general contractors, with the reported construction cost coming out to $17 million. The last reported completion date for the project was this coming February, though it is unclear if this date has since been pushed back.