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.
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