Funding has been fully approved for the next phase of the Lathrop Homes redevelopment at 2712 North Hoyne Avenue, near the boundary of Lincoln Park. Focusing on the southern portion of the historic housing complex, this phase builds on the success of previous efforts, which reimagined the structures north of West Diversey Parkway, the street that splits the complex in half.
Map of Lathrop Homes via Google Maps
To be demolished (RED) – Redeveloped (GREEN) – Map of proposed redevelopment of Lathrop Homes
The upcoming phase has been in the works for the past few years, gaining significant momentum on the funding front over the last two. City Council has now approved roughly $140 million in bonds and TIF funding, joining a $41 million CHA loan, additional tax credits, and a private loan from Bank of America for the more than $200 million project.
View of the completed initial phase of Lathrop Homes via BDC Network
Plans call for the restoration of seven existing structures, similar to the first phase, as well as the demolition of three buildings at 2747, 2706, and 2620 North Hoyne Avenue. The project will also include the construction of a new five-story building and the adaptive reuse of the former powerhouse and smokestack into commercial space. The development is being led by Related Midwest and Bickerdike Development Corp.
View of the completed initial phase of Lathrop Homes via BDC Network
View of the completed initial phase of Lathrop Homes via BDC Network
In total, this phase will deliver 309 residential units, including 24 studios, 169 one-bedroom units, 106 two-bedroom units, and 10 three-bedroom units. Of these, 248 will be designated as CHA replacement or affordable units, while the remaining 61 will be rented at market rate. The development will also feature multiple courtyards and approximately 100 parking spaces.
Construction is expected to begin this summer and take approximately 18 to 24 months to complete.
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Concentrating low income housing is never a great idea. But at least this isn’t trying to look like a water park.
These stand as a lesson for dignified architecture that doesn’t have to look or feel cheap. Brick is earthly.
So, true about about the brick is earthly. its not that cheap material that they use now in every project.
I am glad to see the completion of the restoration, I hope this will become a successful development. A good step to help balance housing equality.
It does help housing equality and glad to see. Why is there more market rate apartments here? There is never this much of affordable housing in new housing projects. Just seems like it should be more equal.
This is an opportunity to fix a local transportation problem on Diversey. Unfortunately Alderman Waguespack didn’t even reply to the following email I sent to his office last year:
“Alderman Waguespack,
Re TIF money and the Lathrop Homes redevelopment:
I’m in the neighboring 35th ward but frequently pass through the Lathrop Homes in your ward. With the recent addition of TIF funds to address the area south of Diversey I’d like to bring to your attention a needed infrastructure improvement that I’m hoping could be included in this redevelopment.
Specifically, I was disappointed that the recent work on the Diversey bridge didn’t extend the Logan Blvd. bike lane over the N. branch of the Chicago river. Currently the Logan Blvd. protected bike lane abruptly dumps eastbound cyclists onto a 4-lane street at Diversey and the river. This was a missed opportunity. A one-third mile eastern extension of the protected bike lane from Logan/Diversey to the intersection of Diversey/Clybourn/Damen would have connected it to two major N/S bike lanes. The expansion from 2 to 4 auto lanes at this point serves little purpose and just forces eastbound drivers to merge again in a few hundred feet at Damen. Ditto the 2 westbound lanes that merge at the left turn lane at Logan and Diversey. The replacement of 1 or both of these extraneous lanes with protected east/west bike lanes should not IMHO cause traffic problems especially if left turn lanes for autos are installed at Leavitt and at Hoyne. Perhaps this could also allow for a longer left turn lane at Damen and cut outs in the parkway for the bus stops.
Another easy fix to improve traffic flow in this area would be to incorporate left-arrow turns at Diversey/Clybourn/Damen. Either by bike or by car this would make my Costco runs a lot easier.
Thanks you for your consideration in these matters.”
A left Turn Arrow at the intersection would make traffic so much better. No one can explain to me why CDOT HATES left turn arrows.
dont expect a response from him unless you are asking them where to send the donation check.
Maintenance is the key. What incentive is there to maintain the property? Property values?
Hats off to Related Midwest for sticking with this project over what…20 years? A lot of patience and back office work to assemble the funding to make this happen.
This project was initiated last century. 30 years for this?
Forget the uninspired architecture, which I assume is a reference to public housing built by the first Mayor Daily?
No wonder there’s a shortage of affordable housing in Chicago. Anyone who’s tried to get a project approved or pull a permit is well aware of a dysfunctional City Hall. And quite frankly it’s gotten worse under our unprepared Mayor.
Anyway, Have a great weekend everyone 😎
While much of this is maybe true, do you actually know what caused it to take so long? Let’s work with facts and try and make a difference based on them.