Chicago-based The Habitat Company secured financing for the residential Phase 2 at Ogden Commons, a $200-million mixed-use, mixed-income project in the North Lawndale neighborhood of Chicago’s West Side. Construction has started on a 92-unit building that will consist of 90% affordable apartments with the remainder market-rate.
Located at 1325 S. Washtenaw Ave., the four-story rental building will be just steps from Ogden Commons’ three-story commercial building that marked Phase 1 of the 10-acre development and was completed in 2021.
Developed by The Habitat Company, along with Sinai Health System, Alecko Capital and the city of Chicago, Ogden Commons is the city’s largest Opportunity Zone project.
“With the first residential building breaking ground, we are now one step closer to fulfilling our vision of a multi-faceted, mixed-use community that combines essential healthcare, housing, retail and office space in one location,” said Matt Fiascone, president of The Habitat Company.
The post Habitat Secures Financing for Next Phase of Ogden Commons Mixed-Use appeared first on Connect CRE.
Chicago-based The Habitat Company secured financing for the residential Phase 2 at Ogden Commons, a $200-million mixed-use, mixed-income project in the North Lawndale neighborhood of Chicago’s West Side. Construction has started on a 92-unit building that will consist of 90% affordable apartments with the remainder market-rate. Located at 1325 S. Washtenaw Ave., the four-story rental building will be just …
The post Habitat Secures Financing for Next Phase of Ogden Commons Mixed-Use appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate,