The City of Chicago’s attempt at redeveloping the area that was once home to the Cabrini-Green housing project has taken another step forward, as the Chicago Housing Authority has selected Hunt Development Group to develop almost 500 homes in the area.
The El Paso-based firm’s project will include a 21-story tower, 32,900 sf of retail space, and connected mid-rise buildings and low-rise townhomes, Crain’s Chicago Business reports. A total of 480 mixed-income housing units will be created on a 6.9-acre site at Larrabee Street and Clybourn Avenue.
Units will range from one to four bedrooms and include 183 units for Chicago Housing Authority residents, 82 units at affordable rents, and 217 units at market rates. The surrounding area has seen luxury residential towers and retail projects rise since the housing project was torn down almost six years ago.
Imagine Group and Chicago Neighborhood Initiatives will collaborate with Hunt, who will serve as the Master Developer, on the project. Construction is expected to being in late 2018.
Related Stories
| Aug 11, 2010
Silver Award: Palmer House Hilton Hotel & Shops Chicago, Ill.
Chicago's Palmer House Hilton holds the record for the longest continuously operated hotel in North America. It was originally built in 1871 by Potter Palmer, one of America's first millionaire developers. When it was rebuilt after the Great Chicago Fire it became the first hotel in the U.S. to put a telephone in every room.
| Aug 11, 2010
Gulf Coast Hotel's Stormy Road to Recovery
After his initial tour of the dilapidated 1850s-era Battle House Hotel, Ron Blount, construction manager with Retirement Systems of Alabama, said to his boss: “You need a priest more than you need a contractor.” Those words were more prescient to RSA's restoration of the historic Mobile landmark than he could have known at the time.
| Aug 11, 2010
Lifestyle Hotel Trends Around the World
When the Rocco Forte Collection opens the Verdura Golf & Spa Resort in Sicily in early 2009, the 200-room luxury property will be one of the world's newest lifestyle hotels. Lifestyle hotels cater to guests seeking a heightened travel experience, which they deliver by offering distinctive—some would say avant-garde, or even outrageous—architecture, room design, amenities, and en...
