A tower crane permit has been issued for the second phase of 43 Green, a mixed-use eTOD adjacent to the 43rd CTA Green Line stop. Located at 4307 S. Prairie, the project will rise to the west of the 43rd Green Line CTA stop.
The Habitat Company and P3 Markets are co-developing the new mixed-use project, which is set to deliver a 10-story building holding 80 residential units and 4,000 square feet of ground floor retail space. 13 car parking spaces and 56 bike parking spaces will be provided.
With Landon Bone Baker Architects and Moody Nolan collaborating on the design, the building’s massing will define the urban edge at the corner of the property, while using setbacks to reduce the massing of the building adjacent to the neighborhood to the south and CTA L tracks to the east. The massing aims to reference the volume of the first phase, creating two bookends flanking the CTA tracks.
Rising 106 feet, the roofline will match phase one, with the building massing broken up into different sections that exhibit a modulation in facade treatment, creating interest and differentiation along both street frontages. Balconies are used as a massing strategy to erode corners and provide residents with views of the surrounding city.
With 80 units in the building, 37 units will be priced at 60% AMI, 7 at 50% AMI, and 36 at market-rate. The unit breakdown will include 24 studios averaging 470 square feet, 48 one-beds averaging 660 square feet, and 8 two-bed apartments that will average 925 square feet.
The city’s investment in Phase 2 includes $10 million in TIF Funds, up to $6.5 million in Multi-Family Loan funds, and $2.25 million in 9% LIHTC allocation.
With the issuance of both building permits and the crane permit, general contractors Bowa Construction and McHugh Construction can work on the building through completion.