Financing Initially Approved For United Yards Development In Back Of The Yards

United Yards. Rendering by DesignBridgeRendering of 1515 W 47th Street by DesignBridge

Financing has been initially approved for the United Yards development at 1515 W 47th Street in Back of the Yards. Centered around the intersection with S Ashland Avenue and bringing a mix of new construction and redevelopment, the project is part of the Invest South/West initiative and will be built in phases. Developers Celadon Partners and Blackwood Group worked with local architecture firm DesignBridge on the overall proposal.

Site plan of United Yards by DesignBridge

Work has already commenced on the greater project with a new health care center and over 7,000 square feet of retail space within the existing buildings on the intersection. However the bulk of the new work will be for the new construction building on the intersection with S Justine Street, which already received zoning approval earlier this year. The six-story building will have its massing broken up by diagonal insets clad in black corrugated metal.

Ground (left) – residential (right) floor plans of United Yards by DesignBridge

The ground floor will be anchored by a small plaza leading to the entry lobby and 2,600 square feet of commercial space, a small partially covered parking lot in the rear will also hold 19 parking spaces. Inside will be 51 affordable residential units made up of 30 one-bedrooms, 11 two-bedrooms, and 10 three-bedroom layouts. All residents will also have access to a sixth-floor community room and a large outdoor terrace.

Rendering of corner of 1515 W 47th Street by Designbridge

Aside from the corrugated facade, the rest of the building will be clad in white brick and accented with plants on the setbacks. This second phase will cost around $41 million, of which $14.5 million will come in the form of TIF funds which have now been approved by the Community Development Commission. The financing still requires City Council approval, but the developers have applied for construction permits.

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