A new mixed-income, mixed-use development has recently been approved for tax increment financing (TIF) dollars and will soon take over the site that is currently occupied by City Farm near the former Cabrini-Green housing project. Developed by Brinshore Development and designed by Pappageorge Haymes Partners, the new project will stand at seven stories tall and deliver 26 public housing units, 26 affordable housing units and 32 units at market rate. According to Chicago Cityscape, the project is expected to cost roughly $38 million to build on the Chicago Housing Authority-owned property. The CHA will apply these units towards the 700 public housing units and 270 affordable units that the department has promised to build on the former Cabrini-Green site.
In addition to its residential component, the development will have retail offerings and other services. The complex will include a day care center with a play lot as well as a restaurant that is expected to have on-site job training facilities. The development will also feature an outdoor deck and community garden complete with active beehives.
The project comes at a time when developers are closing in on the massive parcel of land that was once the beleaguered Cabrini-Green project. There's no doubt that this change will continue well into next year, as the city's apartment boom seems to have no end in sight.
·Mixed use, mixed income TIF project replacing City Farm [Chicago Cityscape]
·Plan Commission Greenlights Parkside, Dual Towers & More [Curbed Chicago]
·Seven Story Development Sowing Near North Side City Farm [Curbed Chicago]
·Thousands of New Residences Slated for Former Cabrini-Green [Curbed Chicago]