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$27M in Funding Approved for LeClaire Courts Redevelopment
Chicago-based Habitat, together with Cabrera Capital Partners, announced the approval of a $27 million capital loan from the Chicago Housing Authority (CHA) for the first phase of residential redevelopment of LeClaire Courts on the city’s Southwest Side.
The 32-acre site was previously home to the LeClaire Courts public housing community, which was demolished in 2011. Under Habitat’s multi-phase plan, the site will be redeveloped into nearly 700 residential units and almost 440,000 square feet of commercial space. Construction of the residential phase is being led by The George Sollitt Construction Company, with Solomon Cordwell Buenz serving as architect.
The first phase of the redevelopment consists of two six-story mixed-use buildings. Collectively, they will offer 183 apartments in a mix of studio, one-, two- and three-bedroom floor plans, as well as a 14,000-square-foot early childhood center and 2,200 square feet of additional first-floor retail space. Also recently authorized was $5.5 million in TIF funding by the city’s TIF Investment Committee to support the redevelopment.
