High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + South Side  + Apartments  | 
Park Station Lofts will be a mixed-income multifamily project in Chicago's Woodlawn neighborhood

Michaels Organization, DL3 Break Ground on Woodlawn Multifamily

Mayor Lori E. Lightfoot joined Ald. Jeanette Taylor, the Michaels Organization, DL3 Realty and a host of community stakeholders to break ground on the Park Station Lofts.  The new mixed-income, mixed-use, affordable living community in Chicago’s Woodlawn neighborhood will occupy a currently vacant city-owned property. 

“I am thrilled to break ground on our first affordable housing development being realized under the Woodlawn Housing Preservation Ordinance,” said Mayor Lightfoot. “The Park Station Lofts will answer many housing needs of the Woodlawn community while also delivering retail space, new streetscaping, jobs, and more to this area.” 

The new development comprises 58 apartment homes, 41 of which will serve households earning between 30% and 60% of the Area Median Income, as well as 17 market-rate units. Park Station is a transit-oriented development, located just 350 feet from the Cottage Grove Station of the CTA Green Line. 

Connect

Inside The Story

The Michaels OrganizationDL3 Realty

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Development
New call-to-action
New call-to-action
New call-to-action