After nearly two years of construction, the mixed-income and retail project known as the Concord at Sheridan is ready to welcome its first residents and shoppers in Rogers Park. On Thursday, partners from the Chicago Housing Authority (CHA), Three Corners Development/Iceberg Development, and the Lightengale Group, officially cut the ribbon on the new mixed-use development near the intersection of Sheridan Road and Devon Avenue.
The seven-story structure contains 30,000 square feet of retail space anchored by a 23,000-square-foot flexible format Target store topped by 111 apartments. Sixty-five of the residential units are supported by CHA’s Property Rental Assistance program while the remainder will be offered at market rate.
Although technically considered a transit-oriented development (TOD) due to its location near the CTA’s Loyola Red Line Station, the Concord at Sheridan project offers a sizable below-ground garage with 133 spaces. The parking facility will serve building residents as well as retail customers.
Designed by Chicago-based GREC Architects, the plan also includes amenities for the neighboring Caroline Hedger Senior Apartments. Concord at Sheridan represents the first CHA investment in the North Side neighborhood in decades.
“This wonderful project could never have come to fruition without the Chicago Housing Authority’s vision to think more creatively and use its resources to leverage more affordable housing,” said Virginia Pace, president of the Lightengale Group, in a statement.
“What used to be a parking lot is now an underground parking lot, and above that is new retail and affordable and market-rate housing—greatly benefiting and complementing the diverse community of Rogers Park.”