Apostal Group

Cabrini Green development plans taking shape Niko Apostal 04/20/15

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According to DNAinfo, development plans for the former Cabrini Green site in Old Town/River North are close to being finalized.  The former public housing high-rises have been demolished over the past several years, leaving a large area for redevelopment: 65 acres of vacant CHA-owned land including the former Cabrini Extension South, the William Green Homes, the vacant Frances Cabrini Rowhouses and additional parcels including the Near North High School site. The new plan calls for 50 of these acres to be developed with the rest allotted for parks and green space.

An initial proposal in February called for 50% of the new residential units to be offered at market rate, with 30% set aside as public housing and 20% designated “affordable housing.”

Small modifications to the plan were revealed at a community meeting on April 17 and community questions and concerns were addressed; a second meeting will take place Wednesday at 8:30pm at the Seward Park Field House, 375 W. Elm St. According to the Chicago Housing Authority, the new plan will guide the density, traffic flow, street modification and open space allotment of the development.

The meetings are the final step in the process of research before the Chicago Housing Authority begins seeking bids for the new Cabrini Green development this summer.

Interested in learning more about real estate opportunities in Old Town or River North? We’d love to chat! Contact us.

*Photo courtesy of Flickr user Sean_Marshall

File: Cabrini Green development