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Evergreen Breaks Ground on Albany Park Affordable

Evergreen Real Estate Group has begun construction on Oso Apartments, a 48-unit affordable rental community in Albany Park. Evergreen and Chicago Housing Authority representatives joined 35th Ward Ald. Carlos Ramirez-Rosa, officials from the Illinois Housing Development Authority and other community stakeholders at a ceremonial groundbreaking recently.

“Oso will provide much-needed housing for residents who want to be part of this economically vibrant, transit-served neighborhood, without being burdened by the rapid rent increases that have created a need to preserve and create affordable housing in many Chicago communities,” said Evergreen’s David Block.

Located at the southwest corner of Montrose Avenue and Bernard Street, the new five-story building will offer 32 one-bedroom and 16 two-bedroom apartments. First move-ins are scheduled for late summer 2019.

Elsewhere on Chicago’s North Side, Evergreen is partnering with the CHA and Chicago Public Library on two co-located developments combining affordable housing with new public library branches.

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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).

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