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Trio of Affordable Projects Eyed for City Financing

The Emanuel administration has proposed city financial support for a trio of affordable developments, including two on the South Side and one on the Near West Side. Largest of the three by dollar value is the $37-million first phase of 4400 Grove (pictured), which would be constructed on the southwest corner of 44th Street and Cottage Grove Avenue in Grand Boulevard by Brinshore Development and Michaels Development Co.

Featuring 84 units in a pair of four-story buildings with ground-floor commercial spaces, the project would rise on the site of the former Washington Park Homes public housing complex.

Also proposed is support for the $26-million rehab of Woodlawn’s Johnson and Butler-Lindon apartment buildings, which would provide 106 affordable units for residents at risk of homelessness; and the $28.2-million construction of the 75-unit Warren Apartments on the Near West Side.

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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).

  • ◦Financing
  • ◦Development