Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Affordable Townhomes Launch Sales in East Garfield Park
Structured Development launched sales for the first phase of Harrison Row Townhomes, a development that will eventually include up to 50 affordable townhomes in the West Side’s East Garfield Park neighborhood.
The Chicago-based developer will complete the first seven residences this month, with a model unit scheduled to open Nov. 20. The remainder will be developed in a subsequent phase in 2021 and 2022.
In building the 50 townhomes, Structured Development will fulfill its obligation under the city of Chicago’s Affordable Requirements Ordinance (ARO) as it pertains to the Shops at Big Deahl, a mixed-use complex the firm is developing in Lincoln Park.
“Not only are we delivering the affordable housing that Chicago’s ARO is intended to create, but we’re also giving other developers a way to get their projects to pencil out by leveraging economies of scale,” said Jeff Berta, senior director of real estate for Structured Development.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
