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Structured Development, Evergreen Cut Ribbon on Schiller Place Apartments
Structured Development and Evergreen Real Estate Group, along with project partners, came together Monday for a ribbon-cutting ceremony for Schiller Place Apartments, a three-building, 48-unit mixed-income rental community at 711, 731 and 749 W. Schiller St. on Chicago’s Near North Side.
Located immediately south of Structured’s NEWCITY development, on land that was formerly home of the Isham YMCA, Schiller Place is intended to help preserve housing affordability in the Clybourn Corridor. It comprises three four-story elevator buildings, each with eight one-bedroom and eight two-bedroom apartments. All 48 units are fully leased.
“The development of Schiller Place fulfills a promise to help bring more inclusionary housing to Chicago’s Near North Side,” said Mike Drew, founding principal of Structured Development. “Schiller Place is a model for the kind of inclusive housing that the city wants to promote, where people across income levels can live together and benefit from the same community amenities.”
- ◦Development
