Chicago & Midwest CRE News In Your Inbox.

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

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + West Side  + Apartments  | 

Skender, Mayor Johnson Break Ground on Housing in East Garfield Park

Skender, Chicago Mayor Brandon Johnson, and other community leaders celebrated the groundbreaking of Fifth City Commons, a 43-unit affordable housing complex and retail space set to transform 1.5 acres on Chicago’s West Side, which have been vacant for decades.

The three-story, mixed-use building will offer sustainable one-, two- and three-bedroom rental units in East Garfield Park. Skender will serve as the general contractor in a joint venture partnership with Ashlaur Construction; architects Perkins + Will and Nia; and engineering firms dbHMS, Rubinos & Mesia Engineers, Omni Ecosystems, and TERRA Engineering.

The City of Chicago provided the bulk of the financing in the form of Tax Increment Financing and HOME Investment Partnership Program assistance, sales tax bonds, 4% Low-Income Housing Tax Credits (LIHTC), and tax-exempt bonds. The complex will be all-electric, with sustainable features such as triple pane windows and air sealing to lower the building’s energy needs in accordance with Passive House principles. 

Connect

Inside The Story

Skender

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action