Located in Bronzeville, the second phase of the 43 Green project has reached its maximum height of 106 feet, securing the 26th spot in our countdown series. This stage, led by The Habitat Company and P3 Markets, will include 80 residential units atop 4,000 square feet of ground-level retail. Situated at 4309 S Prairie Avenue, this 10-story, mixed-use building is directly adjacent to the 43rd Street CTA station, with the now-completed first phase on the other side.
The floor plan selection encompasses 24 studio apartments (averaging 470 square feet), 48 one-bedroom units (averaging 660 square feet), and eight two-bedroom units (averaging 925 square feet). Of the 80 units in the development, 37 are designated as affordable housing for those earning up to 60% of the area median income (AMI), with an additional seven units for individuals at up to 50% AMI. The remaining 36 units are offered at standard market rates.
The design of the building is a collaboration between LBBA Architects and Moody Nolan. The massing of the structure is broken up into different rectangular volumes with various setbacks for a staggered height. The exterior involves various dark tones of brick and gray cement paneling, along with corner balconies and a south-facing mural.
The building will offer a 13-vehicle garage, 56 bicycle parking spots, and close access to various public transit options. The adjacent 43rd station offers Green Line CTA service, underneath which is bus service for Route 43. Additional service for Route 3 is a three-minute walk east to King Drive & 43rd Street.
According to the city’s website, financing for the $100 million Phase II comes from a mix of sources, including TIF funds, multi-family loan funds, and low-income housing tax credits. In addition, the developers acquired the two city-owned properties, collectively worth $162,000, for a nominal price of $1 each. Bowa Construction and McHugh Construction are co-general contractors for the project, which is expected to complete by the second quarter of 2024.