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.
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.
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 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.