The Habitat Company and P3 Markets have announced the completion of the first phase of 43 Green at 4308 S. Calumet. As the first equitable transit-oriented development (eTOD) on Chicago’s South Side, 43 Green welcomed its initial wave of resident move-ins earlier this month. In addition, the firm has closed on the land and construction financing for Phase 2 of the $100 million, mixed-income, mixed-use project, and is expected to break ground on the 80-unit residential building, located just west of the 43rd Street Green Line L station, by the end of June.  

Feb 2023 Image of 43 Green Lukas Kugler/Urbanize Chicago

Located on a long-vacant, city-owned lot, the Phase 1 building is the largest of 43 Green’s three buildings. The 10-story development is home to 99 apartments in a mix of studio, one- and two-bedroom floor plans, as well as 5,500 square feet of retail space and off-street parking. Common resident amenities include a fitness center, rooftop terrace, business center, picnic area, community room with kitchen, laundry facilities and bicycle storage. Half of the apartments are reserved for households earning up to 60% AMI, with the remainder leased at market rate.

Feb 2023 Image of 43 Green Lukas Kugler/Urbanize Chicago

Retail tenants earmarked for 43 Green’s Phase 1 building are currently in the process of long-term lease negotiations. The Phase 2 building is targeted to be complete by late summer of 2024 with resident move-ins scheduled to begin at that time. 44 of the 80 units in Phase 2 will be designated as affordable. A third residential phase, with approximately 70 units, is seeking funds in order to break ground in early 2025.  

43 Green Phase 2Landon Bone Baker Architects and Moody Nolan

Construction of 43 Green is being led by a joint venture of Bowa Construction, a minority-owned, full-service construction management and general contracting company, and McHugh Construction, with Landon Bone Baker as architect for the development.

43 Green Phase 2Moody Nolan and Landon Bone Baker Architects

Phase 2 of 43 Green is financed with a HUD-insured Section 221(d)(4) first mortgage originated by Bellwether Enterprise Real Estate Capital; Low Income Housing Tax Credits allocated by the City of Chicago and acquired by Fifth Third Bank through fund manager Stratford Capital Group; Chicago Department of Housing gap funding via a TIF grant and HOME loan; and a construction loan from Fifth Third Bank of Chicago. 

For more information on 43 Green, visit