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Related Midwest Team Opens Lathrop Homes Redevelopment
Related Midwest, along with partners Heartland Housing, Bickerdike Redevelopment Corporation and the Chicago Housing Authority (CHA), recently hosted a grand opening celebration for Lathrop, a mixed-income redevelopment of the Julia C. Lathrop Homes along the North Branch.
The renovated development now includes market rate, affordable and subsidized public housing, along with five acres of public green space and a reimagined riverfront.
“Related is proud of our long history of successfully preserving and developing affordable and mixed-income communities that serve the needs of all residents and the neighborhood,” said Curt Bailey, president of Related Midwest. “Through the Lathrop Partners public-private partnership, we have brought to life the first phase of a vibrant mixed-income community that everyone can call home.”
Phase one apartments are now open. When all phases are complete, Lathrop will comprise 494 units leased at market rates, 222 designated as affordable housing and 400 reserved for CHA households.
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