Partial funding has been announced for the affordable residential development at 5300 S Calumet Avenue in Washington Park. Located on the southwest corner of the intersection with E 53rd Street, the proposal will replace a long-time vacant lot. The efforts are being led by developers The Renaissance Collaborative (TRC) and Housing Opportunities & Maintenance for the Elderly (HOME).
Home sales have surpassed the 50-percent mark for Harrison Row Townhomes, located in East Garfield Park. Led by Structured Development, under the affordable Requirements Ordinance (ARO), the program targets households earning up to 120% of the area median income. Fulfilling the ARO obligation for Structured’s Wendelin Park in Clybourn Corridor, these 40 townhomes are required to remain affordable for at least 30 years, with oversight by the Chicago Housing Trust (CHT).
Further details have been revealed for the conversion of the Diplomat Motel at 5230 N Lincoln Avenue in Lincoln Square. Sitting on the northern edge of the neighborhood, we covered its initial city approval into transitional housing mid-last year. The project is being developed between the city and the Department of Public Health, with Gensler working on its design.
Construction has reached its full height for Westhaven Park IID, located at 1959 W Lake Street in the Near West Side. Situated at the corner of N Damen Avenue and W Lake Street, this mixed-use building is adjacent to the upcoming CTA Damen Green Line station. The project is a joint venture involving Brinshore Development, The Michaels Organization, and the Chicago Housing Authority, with architectural design by LBBA Architects.
Chicago YIMBY had the opportunity to sit with the leaders of the new EPIC Opportunity Zone late last year in an effort to familiarize locals with the local development landscape. Their team is involved in multiple projects across the South Side, targeting $180 million in commitments for developments in Chicago, Dallas, Philadelphia, Detroit, parts of Arizona and Nevada, and other emerging economies.
