In more permitting news, the largest portion of Park Boulevard's 128-unit second phase has received a permit to proceed. Thanks to yet another trusty tipster! The mixed-income development, slowly filling in the fields left behind by Stateway Gardens' demolition, is a venture of the Chicago Housing Authority with Walsh Group and Mesa Development. It hopes to eventually build more than 1,300 units, but this latest realization will add just 72 to the pot — now at 376 and growing... slowly. Even without renderings (there's a good chance it'll look a lot like The Pershing), we know the building will climb six stories with parking on the ground level.
Together with three 12-unit buildings in phase two, the estimated construction cost is $41M (more than half of which comes through affordable housing tax credits and TIF assistance). Park Boulevard's phase two is targeting an even mix of market-rate, affordable, and public units. Construction creeps along despite revelations of an internal clash between partner Allison Davis and the other members of the joint development venture.
·Planned Rentals Pick up Steam at Bronzeville's Park Boulevard [Curbed Chicago]
·$41 million rental phase on tap at former Stateway Gardens [Crain's]
·Allison Davis clashes with partners over South Side CHA project [Crain's]
·Building Permit Status [City of Chicago]
Loading comments...