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Mixed-Income Complex Holds Grand Opening in Rogers Park
Public and private stakeholders marked the grand opening Thursday of the Concord at Sheridan, a mixed-income development in Rogers Park. Formerly a surface parking lot, the site now includes 111 apartments, with 46 market-rate and 65 low-income units, the latter supported by Chicago Housing Authority (CHA) vouchers.
There is 29,400 square feet of retail at the street level, including a new 23,200-square-foot Target Store, along with 133 below-grade indoor parking spaces. Directly south of the development is a newly-built community center.
The new complex is the result of a public-private partnership between CHA and co-developers Three Corners Development, Iceberg Development, Lightengale Group and Cubit Development Group. The project required a number of financing sources, including $20.6 million from CHA and $2.2 million in HOME funds from the City of Chicago.
“The Concord at Sheridan reiterates CHA’s commitment to providing mixed-income housing opportunities across the City of Chicago,” said CHA’s Ann McKenzie.
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