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Chicago & Midwest  + North Side  + Apartments  | 

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.”

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).