Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Carling SRO Reopens After Rehab Under Preservation Ordinance
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.”
For comments, questions or concerns, please contact Paul Bubny

Get Chicago News in 150 Words
