September 13, 2019 Comments (0) Views: 263 Chicago News, North Side

Mixed-Income Complex Holds Grand Opening in Rogers Park

Public and private stakeholders marked the grand opening Thursday of the Concord at Sheridan, a mixed-income development in Rogers Park. Formerly a surface parking lot, the site now includes 111 apartments, with 46 market-rate and 65 low-income units, the latter supported by Chicago Housing Authority (CHA) vouchers.

There is 29,400 square feet of retail at the street level, including a new 23,200-square-foot Target Store, along with 133 below-grade indoor parking spaces. Directly south of the development is a newly-built community center.

The new complex is the result of a public-private partnership between CHA and co-developers Three Corners Development, Iceberg Development, Lightengale Group and Cubit Development Group. The project required a number of financing sources, including $20.6 million from CHA and $2.2 million in HOME funds from the City of Chicago.

“The Concord at Sheridan reiterates CHA’s commitment to providing mixed-income housing opportunities across the City of Chicago,” said CHA’s Ann McKenzie.

Connect Chicago Fall 2019 will take place Oct. 29 in Chicago. For more information, or to register, click here.

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