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Chicago & Midwest  + South Side  + Finance  | 

MXU in Grand Blvd. Lines Up LIHTC

The Habitat Company has cleared a key hurdle in financing the first phase of 43 Green, a $35-million mixed-income, mixed-use transit-oriented development in the South Side’s Grand Boulevard neighborhood. Habitat will develop the project in partnership with Bronzeville-based P3 Markets.

Having received city approval for Low Income Housing Tax Credits, Habitat and P3 will now focus on completing the design and financing to finalize the capital program for the project.
“Grand Boulevard is one of Chicago’s great historic neighborhoods, and we’re confident that this transit-oriented community will appeal across multiple income levels,” said Matt Fiascone, president, The Habitat Company.

The project’s first phase will include 91 apartments and 7,500 square feet of retail. Upon completion, the multi-phase 43 Green is expected to be comprised of three buildings centered around the 43rd Street Green Line stop. Each building is slated for mixed-income apartments and street-level retail.

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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 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).