Hold on, Old Town. About 200 homes are coming your way, courtesy of developer Peter Holsten.
This replaces the former Cabrini-Green public housing project, which has been underway for well over a decade. The goal? Move residents out of high-crime buildings and into mixed-income developments.
This mix of units is meant to cater to multiple income levels: about 50 percent market rate, 20 percent affordable, and 30 percent set up for public housing. This project joins the 600 units at Parkside already in existence from Holsten.
· Developer mulls 200 homes for Cabrini-Green redevelopment [Chicago Real Estate Daily]
· Previous Cabrini-Green coverage [Curbed]