43 Green Phase 2, Chicago, IL

43 Green is a transit-oriented development (TOD) comprised of a multiphase, mixed-use, residential and commercial project anchored by the 43rd Street Green Line station. The combined development will directly invest over $100 million in the historic Bronzeville neighborhood on the South Side of Chicago. The project is led by a joint venture between P3 Markets, a Bronzeville-based development company, and The Habitat Company, a full-service developer and property management company with nearly 50 years of experience developing and managing residential and mixed-use projects in Chicago.

Phase II of the development is a 80-unit residential building adjacent to the 43rd Street Green Line station. 48% of the units will be affordable and 52% will be market rate. The area around the 43rd Street Green Line station is underserved for high-quality apartment homes. Bronzeville has been a hub for Chicago’s African American Community for over 100 years and many Chicago residents would be eager to live in Bronzeville if high-quality, reasonably priced apartment homes were available. 43 Green will be marketed to young professional workers who commute downtown and to other locations around the region, and who feel connected to Bronzeville.

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With the 43rd Street Green Line station as the community anchor, the project design intends to be similar in approach to TOD developments on the northside of Chicago. Like those developments, 43 Green is designed with smaller, highly efficient apartments and reduced surface parking which lowers the cost of development. This ensures rents can remain affordable to tax-credit qualified renters, and middle-income residents like teachers, tradespeople, public employees, and other early career professionals.

Bronzeville, Chicago, IL

Status

In Progress

 

Client

The Habitat Company

P3 Markets

Consultants

McKay Landscape Architects (landscape)

Element Energy Consulting (MEP)

Engage Civil (Civil)

Nayyar and Nayyar International (structural)

Moody Nolan (spec)

Beehyyve (Interior)

Shen Milwom & Wilke (acoustical design)

LightHive (lighting)

Space Continuum (FF&E)

 

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