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Hudson Valley Property Group Enters Chicago with Bronzeville Acquisition
Hudson Valley Property Group (HVPG), a national affordable housing preservation company, has acquired Drexel Court & Lake Park East, a site project consisting of four multifamily buildings in Chicago’s Bronzeville neighborhood: 4420 S. Drexel Blvd, 4700 S. Drexel Blvd., 4530 S Drexel Blvd and 4725 S. Ingleside Ave.
The acquisition marks HVPG’s entrance into the Chicago market as part of a larger expansion to the Midwest beyond its footprint across the East Coast. The deal presents an opportunity for HVPG to improve and preserve 155 units of affordable housing while furthering its goal of uplifting and revitalizing communities through HVPG’s investments in high-quality, sustainable neighborhood assets.
HVPG is planning an approximately $13.1 million renovation at the Drexel Court & Lake Park East that will prioritize building modernization, high-end security, energy efficient upgrades and resident quality of life improvements with new common spaces including an outdoor picnic area and business center.
- ◦Sale/Acquisition
