McShane JV Wraps Construction on Near South Side Mixed-Income Project
McShane Construction Company and joint venture partner Powers & Sons Construction have completed the construction of 23rd Place at Southbridge for The Community Builders and McCaffery Interests. Located on the site of the former Harold Ickes Homes on Chicago’s Near South Side, the community offers 206 mixed-income apartment units and 15,000 square feet of ground-floor retail space across two buildings.
“23rd Place at Southbridge is a beautiful community at the crossroads of South Loop, Chinatown, Bronzeville, and the Motor Row District,” said Mat Dougherty, president at McShane. “The mixed-income unit structure makes the development accessible for residents at a broad range of income levels, encouraging economic diversity and inclusion within the community.”
Approximately 50% of units are affordable to households earning 80% of Area Median Income (AMI) or less through the Low-Income Housing Tax Credit (LIHTC) program.
McShane JV Wraps Construction on Near South Side Mixed-Income Project
McShane JV Wraps Construction on Near South Side Mixed-Income Project
McShane Construction Company and joint venture partner Powers & Sons Construction have completed the construction of 23rd Place at Southbridge for The Community Builders and McCaffery Interests. Located on the site of the former Harold Ickes Homes on Chicago’s Near South Side, the community offers 206 mixed-income apartment units and 15,000 square feet of ground-floor retail space across two buildings.
“23rd Place at Southbridge is a beautiful community at the crossroads of South Loop, Chinatown, Bronzeville, and the Motor Row District,” said Mat Dougherty, president at McShane. “The mixed-income unit structure makes the development accessible for residents at a broad range of income levels, encouraging economic diversity and inclusion within the community.”
Approximately 50% of units are affordable to households earning 80% of Area Median Income (AMI) or less through the Low-Income Housing Tax Credit (LIHTC) program.
Source link
Comments
More posts