Holsten Real Estate


City Council Approves Next Phase Of Parkside Of Old Town Development

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.

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Plan Commission Approves Affordable Housing In Near North Side

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.

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Lawson House Renovation Continues in Near North Side

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.

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