Cladding on The Rosie Nears Completion in Little Italy
Exterior work is nearly complete for The Rosie, a seven-story mixed-use building located at 1461 S Blue Island Avenue, near the southeast corner of Chicago’s Little Italy. Planned by CEDARst and Origin Investments, the project will host 202 apartments as well as 7,600 square feet of retail space. The project lies within in a federal opportunity zone, whereby the developers agree to build in an economically distressed vicinity in exchange for tax incentives. Seven of the on-site units will also be affordable, a figure that was approved prior to an updated housing requirement, whereby at least 20 percent of units must be affordable for new projects in the area.
