The Community Development Commission has approved funding for the affordable housing development at 5853 North Broadway in Edgewater. Located near the intersection with West Thorndale Avenue, the project has been in the works for several years and will replace a one-story building and its parking lot.
Site context of 5853 North Broadway via Google Maps
Rendering of 5853 North Broadway by LBBA
Developer Bickerdike Redevelopment Corporation has been working with LBBA on the design of the 11-story building, which will rise just over 100 feet in height. To align with the existing streetfront, the front portion of the project will rise three stories and feature varied façade treatments to break up the massing.
Behind this will be the mid-rise section, which will contain the majority of the development’s 90 units. These will consist of 35 one-bedroom, 40 two-bedroom, and 15 three-bedroom layouts—all of which will be designated as affordable. To support residents, the building will include on-site services on the ground floor, a community room, and a 14-space parking lot.
Rendering of 5853 North Broadway via LBBA
Rendering of 5853 North Broadway via LBBA
Additionally, there will be a small rooftop deck above the streetfront structure, as well as rooftop areas along both sides of the mid-rise. The building itself will be clad in two tones of precast panels with decorative accents. The project will cost $72.8 million and has already secured zoning approval and Low-Income Housing Tax Credits.
Most recently, the Commission approved $22 million in TIF funding, which must still be approved by the City Council. With that in mind, the development team plans to break ground in the coming months and complete the project in the second half of 2027.
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Very excited about this new development in Edgewater. Lets build more of these setback towers on Broadway.
I really dislike the setbacks… Buildings similar to Platform 4611 along Broadway would be best practice for a mass-transit oriented living.
I really dislike the setbacks… Buildings similar to Platform 4611 along Broadway would be best practice for a mass-transit oriented living!
God forbid anything taller than 3 stories gets built on the east side of Broadway though! It has a completely different “character.”
I’m very interested in this property.
Awesome news for the neighborhood!
Great news all around. If I were an architect, I would ask why break up the street front massing of this new building when the M-A-S-S-I-V-E Broadway Armory is right next door :).
90 more units of housing is cool.
but this is apparently an “affordable” project.
90 units for $73M = $811K per unit.
that doesn’t seem all that “affordable” to me.
Apparently you misunderstood how these financing on these affordable developments work. That total cost it’s not just straight up $74M in cash, like you would think of as in for profit private developments.
The $73M figire is the construction cost from the article.
That means that these units will cost, on average, ~$811K each to build.
That’s an insane construction cost for anything labelled “affordable”.
But sadly par for the course in this town.
Let’s say it again for the people in the back. Affordable housing refers to offering apartments/condos/homes at below market rates to those who qualify based on lower income levels. It does not refer to the cost of construction. There is a ton of research out there that explains the multiple reasons affordable projects are more expensive to finance and build than private private projects. It’s a national problem, not a Chicago issue.
I am proud to have been raised in Edgewater. Love, this community. Looking forward to learning more about this building location.
Building looks ridiculous . The entire footprint should be 11 stories . What is so sacred about the streetfront that something new must not be taller than the old adjacent buildings . Could have easily doubled occupant count to 180 .
I totally agree, but word you didn’t realize NIMBY. Basically your typical old has beens that have too much free time so they put their energy into opposing anything that’s new and different than what they’ve been used to. But yet they’re all oh so bleeding heart liberals. Yes the irony. I know a few .
Sounds like a wonderful idea of opportunity! Building sounds as it will be amazing with a great amenity of a rooftop! Can’t wait to see it!
How much one bed roo
Rental costs are not yet available, but the developer has a page for this building that you can follow for updates: https://www.bickerdike.org/5853-n-broadway/
Love it- the contrasting tones and different planes. It’s top 95% of the Developments I’ve seen. And a real nice rendering too!