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Chicago & Midwest  + Greater Chicagoland  + Apartments  |  March 5, 2025
Jasmine Kilman
By: Jasmine Kilman

F.H. Paschen Breaks Ground on Senior Apartments in Franklin Park

Contractor F.H.Paschen and developer Evergreen Real Estate Group recently broke ground on a new senior housing development and community center in Franklin Park, Illinois.

The project is set to deliver an 80-unit, four-story residential building specifically designed for local seniors. The new Carl Fiorito Senior Center, a one-story community center will complement the apartments, offering programs, activities, and services.

Designed by Weese Langley Klein Architects and scheduled to open in Summer 2026, Evergreen Real Estate Group will also serve as property manager for the community. The combined development is financed through multiple sources, including the Illinois Housing Development Authority, Bank of America, Hudson Housing, Leyden Township, and the Cook County Department of Planning and Development. Mesirow Financial participated in the underwriting syndicate for the IHDA financing and served as the lead underwriter.

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F.H. PaschenEvergreen Real Estate

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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