This week, city officials joined Holsten Real Estate Development Corporation to cut the ribbon on 102 new units of mixed-income housing in the former Cabrini Green neighborhood on Chicago's Near North Side.
Known as the Elm 551 at Parkside Apartments, the project represents the fourth and latest phase of the Parkside of Old Town development. The complex comprises a seven-story midrise elevator building flanked by a pair of three-story walk-up buildings. As with other newer developments in the area, the structures feature a mix of market-rate, low-income, and Chicago Housing Authority units.
Designed by Landon Bone Baker Architects, the buildings utilize precast concrete construction. Linn-Mathes Inc. served as general contractor on the project. According to Mayor Lori Lightfoot, the site of Chicago's former Cabrini-Green housing complex will be home to roughly 800 mixed-income units by 2023.