CHA Breaks Ground on Rogers Park Development

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

The Chicago Housing Authority (CHA) broke ground on Tuesday afternoon on a mixed-use on Tuesday afternoon on a mixed-use development that will bring a new Target and affordable and market rate apartments to Rogers Park. The result of a partnership between the Chicago Housing Authority (CHA) and Three Corners Development/Iceberg Development, the Concord at Sheridan will be a transit-oriented development located steps from the CTA’s Loyola Red Line Station at Sheridan Road and Devon Avenue. The seven-story development will include 111 apartments, 30,000 square feet of retail space and 125 below-grade parking spaces. Sixty-five of the apartments will be supported by CHA’s Property Rental Assistance program to guarantee long-term affordability; the remaining will be market rate rentals. The project is expected to be complete in early 2019. The project replaces a parking lot and the outdated senior center community room at the adjacent CHA Caroline Hedger Senior Apartments. The project estimates that more than $650,000 will be generated annually in new property and sales tax revenue. Target will serve as the anchor tenant in the retail space with a 23,000-square-foot flexible format store. The development team also includes Lightengale Group and Iceberg Development.

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