Friday, October 29, 2010


An architect’s rendering of a Park Douglas rental building being constructed in North Lawndale. Rents will range from $675 to $1,075.
 Alderman Ed Smith presided over the October 26 groundbreaking for Park Douglas, an innovative 137-unit mixed-income rental housing development at Roosevelt Road & Talman Avenue in North Lawndale. The $44 million initiative is a partnership of the City of Chicago, Chicago Housing Authority, Mount Sinai Hospital, and B-M Ogden LLC, developers.
    Park Douglas will provide attractive, modern apartments for households with a range of incomes. Sixty units will be public housing and will serve as replacement units for the demolished Lawndale Gardens complex. Another 49 units will be funded with Low Income Housing Tax Credits and will be targeted to low- and moderate-income households, while the remaining 28 units will be market rate with no income restrictions. The first move-ins are expected in July 2011.
    The development is being built on vacant land with more than $10 million in highly competitive stimulus funds provided by the American Recovery and Reinvestment Act of 2009. The project will also bring over 200 construction jobs and five permanent management positions to the community.
    Park Douglas will provide 1-, 2-, 3-, and 4-bedroom apartments with appliances, including in-unit washers and dryers. Residents will also have access to a new community center, meeting space with kitchen, and a computer lab. The structures incorporate green and sustainable features.
The 137 rental units are the first phase of a comprehensive redevelopment program that will ultimately include over 300 units of rental and for-sale housing in 19 buildings, as well as the new Mount Sinai Hospital, which is moving to the north side of Ogden Avenue.
    Alan H. Channing, President & CEO of Sinai Health System stated, “Sinai Health System’s Board of Directors and family of caregivers conceived of the community development and health care project. The hospital’s social service arm, Sinai Community Institute, will also provide residents with a variety of social services, including health care consultation, job training, and family counseling. The City of Chicago donated land and provided a Low Income Housing Tax Credit allocation, as well as HOME funds.
Ald. Ed Smith, executives of Sinai Health System, Chicago Housing Authority, HUD, and Brinshore Dev., break ground for the 137-unit Park Douglas rental housing complex in North Lawndale. (Photo by Isaac Jones) 

No comments:

Post a Comment