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Peter Holsten's Parkside Development Enters Final Stages


Parkside at Old Town, the Peter Holsten mixed-income multifamily development built on the former Cabrini-Green public housing site, is entering its final stages. Holsten has plans to add 200 homes near Oak and Larrabee streets and is considering a mix of townhomes and condominiums, but could build apartments depending on cost. Holsten has already built 600 units at Parkside over the past decade and the Cabrini-Green site is one of the most attractive areas for developers, reports Crain's. Holsten's agreement with CHA sets aside 20% of units for affordable housing and 30% for public housing. [Crain's]