Copy
Mid-rise building replacing City Farm at Clybourn/Division
View this email in your browser
City Farm greenhouse with new housing behind it and skyline in the distance
City Farm in Old Town. Photo by Piush Dahal

Mixed use, mixed income TIF project replacing City Farm

84 residential units, a restaurant, retail, and a daycare center will replace a City Farm on a lot that once was part of Cabrini-Green. The project's developers are Brinshore Development and The Michaels Development Company, both firms with extensive affordable and public housing portfolios, and they have collaborated on four other redevelopment projects on sites of former Chicago housing projects. Chicago's Plan Commission approved the project on April 16th, and it has just been approved for TIF money. The seven story building will have the following residential units:

  • 26 units public housing
  • 16 affordable housing units for those at or below 60% of the area median income (AMI)
  • 10 affordable housing units for those at or below 80% of AMI
  • 32 market rate units

The Chicago Housing Authority (CHA) is involved in this development which will ameliorate the lack of public and affordable housing in the neighborhood. CHA will apply these units towards the 700 public housing units and 270 affordable units they promised to build in the area in a Cabrini Consent Decree to replace housing that was lost from demolishing Cabrini-Green. The terms of that consent decree, from 2001, are still not met, and people have been thirsty for progress.

The CHA issued an $833,850 predevelopment loan in 2014 to the developer, and the Near North TIF district has just approved $8,100,000 for construction costs. The total estimated cost for this much needed project is $37,920,974.

Is there a story or upcoming meeting you want featured in '1909'?
Hit reply and let us know!

Map of existing (green) and planned (red) FLATS properties
Diagram of things to come: retail, residences, parking, and perhaps a daycare.
Tweet
Forward
+1
Share

Get daily notifications for your neighborhood

 

Chicago Cityscape tells you what's happening in 1,600+ places

See what building projects are being built in your Ward or near your child's school. Sign up for a free trial to receive a daily notification about new building and business activity in any Ward, community area, and TIF district – and 1,600+ other places.

Start FREE trial now

Neighborhood development news

Upcoming public meetings

What upcoming meetings should we add? Reply to '1909' newsletter to let us know!
Follow @ChiBuildings
Like Us
Email Us
ChicagoCityscape.com
This week's '1909' newsletter was written by Samantha Kearney.  
Copyright © 2015 Chicago Cityscape, LLC, All rights reserved.


unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp