A new burst of apartments on the former site of the Robert Taylor Homes is in the works, reports Crain's. A venture including Brinshore Development, the same venture behind four previous phases of the Legends South Development on the vast Taylor lands, has submitted plans for 71 units organized into three- and six-flat buildings. The available rendering shows low-rises modeled loosely on classic 19th Century Bronzeville town homes. Chicago's Community Development Commission voted on the sale of 14 lots clustered around 47th & Calumet and 43rd & Michigan for $1 and the extension of $3M in TIF support at a meeting last night. The minutes aren't posted yet, but it's unlikely the commission would shoot it down given the 769 apartments already built by the Brinshore venture and the project's participation in the CHA's Plan for Transformation.
Thirty of the 71 units will be public housing, 23 are meant to remain affordable, and 18 will be offered at market rate (about $1,400 for a 2-bed). Brinshore Principal Richard Sciortino says city subsidies are needed because market rate rents for the area won't cover the cost of construction. As Legend South grows, so do competing CHA developments Park Boulevard and Oakwood Shores. Hey, give it another 20 years and these CHA lands could be built out again.
·Developer of Robert Taylor site plans another 71 apartments [Crain's]
·Savoy Square Breaks Ground [Curbed Chicago]