Construction of the Chicago Housing Authority’s residential development with Holsten Real Estate Development Corporation now known as Parkside V continues to rise in the Cabrini-Green section of the Near North Side.
Construction has topped out on the mixed-use development at 1549 North Fremont Street in the Near North community area. Located at the end of West Weed Street in the North Avenue shopping district, the project was introduced about two years ago and is being led by local developer CityPads in partnership with Wayland Real Estate Capital.
The Chicago City Council has approved the residential conversion of 1500 N Halsted Street on the Near North Side. Located at the corner of Halsted and W Blackhawk Street near the CTA Red Line station, the proposal will redevelop the upper loft levels of the structure. The project is being led by the building’s owner, Newcastle Investors.
The Chicago Plan Commission has approved a residential development at 1333 N Kingsbury Street in the Near North Side. Located just west of the intersection with N Halsted Street, plans for the slender mid-rise were revealed earlier this year by the development team, which consists of ZSD Corp and Structured Development.
Full funding has been secured for the residential development known as Parkside Phase III, located at 520 W Hobbie Street in the Near North Side. Spanning nearly a full city block, bounded by N Cambridge Avenue to the west and N Cleveland Avenue to the east, the affordable housing project is being led by Holsten Real Estate in partnership with the Chicago Housing Authority.
