Holsten Real Estate

Partial Funding Approved For Parkside Phase 3 In Old Town

7:45 am on July 12, 2023 By Ian Achong

The Community Development Commission has approved partial funding for the residential development at 520 W Hobbie Street in the Near North Side. The new structures at the nearly full-block project will expand the existing Parkside of Old Town complex. Developer Holsten Real Estate is working with the Chicago Housing Authority and Cabrini Green Community Development Corporation, tapping local firm Landon Bone Baker Architects for the design.

Facade Restoration and New Stair Towers Progress at Lawson House in Near North Side

7:30 am on April 29, 2023 By Jack Crawford

Exterior work continues to progress on the Victor F. Lawson House, a historic 24-story building at 30 W Chicago Avenue in the Near North Side. Originally designed by Perkins, Chatten & Hammond and completed in 1931, the former YMCA will be transformed by developer Holsten Real Estate into 408 affordable studio apartments. Since the last article on the project, structural work for the new fire egress and elevator towers has taken shape, while windows and facade restorations continue.

Affordable Redevelopment of Victor F. Lawson House Advances in Near North Side

7:45 am on February 5, 2023 By Jack Crawford

The affordable housing redevelopment of the 24-story Victor F. Lawson House continues construction work at 30 W Chicago Avenue in the Near North Side. This historic 1931 Art Deco tower was designed by Perkins, Chatten & Hammond, is having elements of its facade restored, including a full sweep of recently installed windows.

City Council Approves Next Phase Of Parkside Of Old Town Development

7:30 am on January 16, 2023 By Ian Achong

The Chicago City Council has approved the next phase of the Parkside of Old Town development in the Near North Side. Coming soon after receiving its approval from the Plan Commission mid-December of 2022, with this the proposal has now cleared all the necessary city hurdles prior to commencing work. Developer Holsten Real Estate is working with the Chicago Housing Authority on the affordable project that is being designed by local firm Landon Bone Baker, who have also done some of the previous phases.

Plan Commission Approves Affordable Housing In Near North Side

7:30 am on December 19, 2022 By Ian Achong

The Chicago Plan Commission has approved the next phases of the Parkside of Old Town development in the Near North Side. Located on two separate lots near each other at 542 W Elm Street and 520 W Hobbie Street, the multi-building plans will continue to grow on the affordable housing offered on the former site of the Cabrini Green complex. Developer Holsten Real Estate is operating under the Parkside name in collaboration with the Chicago Housing Authority and the Cabrini Green Community Development Corporation which have tapped local firm Landon Bone Baker Architects for their designs.

Lawson House Renovation Receives New Windows in Near North Side

7:30 am on November 15, 2022 By Jack Crawford

The Victor F. Lawson House, a historic 24-story building at 30 W Chicago Avenue in the Near North Side, has received new windows as part of its ongoing affordable apartment transformation. This 1931 Art Deco tower, one of the tallest buildings in Chicago at the time, was designed by Perkins, Chatten & Hammond.

Lawson House Renovation Continues in Near North Side

7:30 am on September 15, 2022 By Jack Crawford

Renovation work continues for the 24-story Victor F. Lawson House at 30 W Chicago Avenue in Near North Side. The Art Deco high rise was originally designed by Perkins, Chatten & Hammond and completed in 1931. Developer Holsten Real Estate will be deconverting the former YMCA from 538 single room occupancy units into 408 affordable apartments. In exchange for keeping all on-site units affordable until at least 2073, the project received both low income housing tax credits and $12.4 million in historic preservation tax credits.

Affordable Renovation of Lawson House Progresses in Near North Side

7:45 am on June 20, 2022 By Jack Crawford

Renovation work continues to take shape at the 24-story Victor F. Lawson House at 30 W Chicago Avenue in Near North Side. The Art Deco high rise was originally designed by Perkins, Chatten & Hammond and completed in 1931. Developer Holsten Real Estate will be deconverting the former YMCA from 538 single room occupancy units into 408 affordable apartments. In exchange for keeping all on-site units affordable until at least 2073, the project received both low income housing tax credits and $12.4 million in historic preservation tax credits. Holsten Real Estate has also received a $17.6 million loan from the city, a $79.4 million loan from Chase Bank, and a $17.2 million loan from the Illinois Housing Development Authority.

Renovation work in full swing for Lawson House Renovation in Near North Side

7:30 am on March 6, 2022 By Jack Crawford

Renovation is now visible and in full swing for the Victor F. Lawson House, a 24-story Near North Side high rise, which was built in 1931. Located at 30 W Chicago Avenue and formerly a YMCA, developer Holsten Real Estate plans to convert the 272-foot structure to 408 apartment units, deconverted from 538 single room occupancy. Programming will also include on-site social services and ground-level retail.

Lawson House Renovation Secures 16th Place in Tallest Construction Countdown

7:45 am on December 16, 2021 By Jack Crawford

Number 16 in Chicago YIMBY’s year-end countdown of tallest construction projects is the renovation of the 90-year-old Lawson House, located at 30 W Chicago Avenue. Situated in Near North Side directly across from JDL’s One Chicago megadevelopment, this 24-story edifice was originally designed by Perkins, Chatten & Hammond, and completed in 1931. Today, the Art Deco building holds a spot on the National Register of Historic Places, having until recently housed a YMCA.

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