October 25, 2016
A new plan for 7070 N. Clark St. in Chicago’s Rogers Park has been proposed. Specifically, developer Ross Real Estate Services is interested in building a complex that will offer 54 residences, 20 parking spaces and approximately 3,300 square feet of ground-level retail space. What makes this proposal unique, however, is that 42 of the apartments will consist entirely of affordable units.
Ross has currently entered into a contract for the property, which is contingent on zoning changes and low-income housing tax credits. The property had been targeted for a development that stalled when the recession hit.
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