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).
Potential financing has been revealed for the Lincoln Yards megadevelopment near Goose Island. The money would come from Florida-based Kayne Anderson Real Estate who is exploring becoming the primary financial backer for the project according to Crain’s. The 53-acre development has stalled as the lending market has changed since its original announcement in 2018.
Baird & Warner and T2 Development have finished a model home and started building the remaining houses in the Wolfram Collection, a group of 10 new single-family homes in Lake View, located at 1632 to 1650 W Wolfram Street.
Site preparation is underway for Metro on Main, an 89-unit townhome development by Lexington Homes in Morton Grove. The project, located at 8350 Lehigh Avenue, is within walking distance of the Morton Grove Metra station.
Details have been revealed for the expansion of the redevelopment of the former Maybelline headquarters at 5920 N Ridge Avenue in Edgewater. Located on the diagonal intersection with N Clark Street on the western edge of the neighborhood, the project will add on to the development called ‘The Mabel Exchange’. Efforts are being led by Ernst Development and Envoi Partners, with architecture-firm Hirsch MPG working on its design.
