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Chicago & Midwest  + Greater Chicagoland  + Apartments  |  March 25, 2025
Jasmine Kilman
By: Jasmine Kilman

F.H. Paschen Tops Out Chicago-Area Workforce Housing

F.H. Paschen has topped off the first phase of the Bellwood Gateway Development, a $43 million workforce housing project in the Chicago suburbs.

The four-story, 71-unit community at 2711 and 2712 St. Charles Road will also include 6,000 square feet of ground-floor commercial space and is set to open in Spring 2026.

The Bellwood Gateway Development broke ground in July 2024, repurposing the sites of the former Village Hall, police and fire stations, and emergency management office. Designed by Chicago-based DesignBridge, the community will feature a modern aesthetic with light-filled spaces.

The project is financed through a combination of TIF financing, a State of Illinois grant, and the first-of-its-kind use of workforce housing bonds in Illinois. “Our integrated approach, in partnership with partners like Mesirow Financial, can make local government housing investments a reality,” said Tom Cross, head of the firm’s housing unit.

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F.H. PaschenMesirow

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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