Multifamily Monday

Stateway Gardens, just south of 35th Street along State, was torn down in phases three years ago as part of the Chicago Housing Authority's CHAnges Program. Now design firm VOA is working with the Davis Group and Stateway Development to build 2,300 new units on the site.
 
In the works: The Park Boulevard phase II-A, an 80-unit mixed-income building at 3622 S. State. VOA's Stephen Siegle and Bill Ketcham designed the building and have more than 100 units in the pipeline for two more buildings just to the south. Stephen created the master plan for the new Park Boulevard in just two days last year after the original plan, which included more for-sale housing, was scrapped. There's already 159 condos  on the site, but the buildings currently in development are all rental and require 30% of the units to be subsidized housing, 30% to be affordable, and 30% to be market rate, all indistinguishable inside, Bill says.
The buildings formerly on the site were long, boxy, concrete structures lining the highway, but Stephen and Bill planned the new building with  bay windows that break up the architecture on the outside and provide a little extra space on the inside. The units are 15% bigger than required by CHA standards and the buildings will include social spaces, like rooftop recreation areas with vegetation, outdoor grills and picnic tables, which satisfy the  IHDA  and Chicago Green Homes requirements. Its first resident: Speed Racer.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient