Chicago & Midwest + Downtown + Apartments | March 2, 2023

Habitat Secures Financing for Next Phase of Ogden Commons Mixed-Use

Chicago-based The Habitat Company secured financing for the residential Phase 2 at Ogden Commons, a $200-million mixed-use, mixed-income project in the North Lawndale neighborhood of Chicago’s West Side. Construction has started on a 92-unit building that will consist of 90% affordable apartments with the remainder market-rate.

Located at 1325 S. Washtenaw Ave., the four-story rental building will be just steps from Ogden Commons’ three-story commercial building that marked Phase 1 of the 10-acre development and was completed in 2021.

Developed by The Habitat Company, along with Sinai Health System, Alecko Capital and the city of Chicago, Ogden Commons is the city’s largest Opportunity Zone project.

“With the first residential building breaking ground, we are now one step closer to fulfilling our vision of a multi-faceted, mixed-use community that combines essential healthcare, housing, retail and office space in one location,” said Matt Fiascone, president of The Habitat Company.

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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 GlobeSt.com 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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