Chicago & Midwest + South Side + Apartments | April 28, 2023

Construction has been completed on 23rd Place at Southbridge for The Community Builders and McCaffery Interests, on the site of the former Harold Ickes Homes on Chicago's Near South Side

McShane JV Wraps Construction on Near South Side Mixed-Income Project

McShane Construction Company and joint venture partner Powers & Sons Construction have completed the construction of 23rd Place at Southbridge for The Community Builders and McCaffery Interests. Located on the site of the former Harold Ickes Homes on Chicago’s Near South Side, the community offers 206 mixed-income apartment units and 15,000 square feet of ground-floor retail space across two buildings.

“23rd Place at Southbridge is a beautiful community at the crossroads of South Loop, Chinatown, Bronzeville, and the Motor Row District,” said Mat Dougherty, president at McShane. “The mixed-income unit structure makes the development accessible for residents at a broad range of income levels, encouraging economic diversity and inclusion within the community.”

Approximately 50% of units are affordable to households earning 80% of Area Median Income (AMI) or less through the Low-Income Housing Tax Credit (LIHTC) program.

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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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