The Chicago City Council has approved the mixed-use development at 914 W 63rd Street in Englewood. Located on the northeast corner of the intersection with S Halsted Parkway, the proposal dubbed ‘Englewood Thrive’ will be replacing a large vacant lot just west of Englewood Connect which broke ground recently. Developer DL3 Realty is working with the local office of Perkins + Will on the design of the multi-phase project which hopes to foster growth and provide new housing in the changing area.
The first phase of the project consists of a six-story, 74-foot tall structure parallel to W 63rd Street across from the six-story Mercy Housing building. Its ground floor will contain a 2,439 square-foot retail space on the eastern corner, along with two 970 square-foot live/work units on 63rd, and the residential lobby on Halsted. Those will be joined by a small 760 square-foot fitness room on the corner, a large community room, a bike parking room, and seven-public spaces on the east side for visitors.
The five-floors above will contain an additional 59-residential units for a total of 61, these will be made up of one-, two-, and three-bedroom layouts. A majority of the apartments will be considered affordable, with 11 units set aside for those making 50-percent of the Area Median Income (AMI), 40 for those making 60-percent AMI, and 10 offered at market rate. Residents will be able to park in the 58-vehicle lot located in the rear which will be shared with the future second phase of the project next door.
The second phase will be a similar structure fronting S Halsted Parkway, rising five-stories and 65-feet tall, the building will also share and connect to the lobby of the first phase. Its ground floor will contain three 1,015 square-foot live/work units, and an additional bike, fitness and community rooms. Above will be 44-affordable residential units for a total of 47, these can be assumed to be made up similar layouts to its neighbor, both being clad in fiber cement and metal panels.
Future residents who forgo a car can move around the city using CTA bus routes 8 and 63 on-site, with the CTA Green Line Halsted station being five-minute walk away. The first phase is expected to cost roughly $32 million, a small increase from its original proposal, and has received nearly all of that via LIHTC tax-credit, Multi-Family Loan, and more. Bowa Construction will be leading its execution and hopes to break ground by the end of the year, with a completion of the first phase expected by mid-2024.