The head of the Chicago Housing Authority has joined with Mayor Rahm Emanuel and preservation advocates to open the renovated and restored Carling Hotel in Old Town. It’s the first single-room occupancy (SRO) apartment complex to be preserved under a 2014 ordinance intended to save the city’s 65 remaining licensed SROs.
The $27.4-million renovation project on the 91-year-old Carling at 1512 N. LaSalle St. took 16 months and brought 80 units of affordable housing to the neighborhood. The city acquired the four-story property from Carling Hotel LLC for $10 million, and transferred it to Michaels Development Co. for $3.8 million for preservation as an SRO.
“Developments like the Carling highlight the range of our investment in housing and communities,” said CHA CEO Eugene Jones. “CHA will continue to pursue innovative programs like this one to fulfill our commitment to create opportunity and to transform the lives of our residents.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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