Habitat, a Chicago-based organization, has partnered with Cabrera Capital Partners to secure a $27 million capital loan from the Chicago Housing Authority (CHA). This funding will be used for the first phase of residential redevelopment at LeClaire Courts on the Southwest Side of the city.
The LeClaire Courts public housing community was previously located on this 32-acre site but was demolished in 2011. Habitat’s plan includes multiple phases and aims to transform the site into nearly 700 residential units and over 440,000 square feet of commercial space. The George Sollitt Construction Company is leading construction for this phase while Solomon Cordwell Buenz serves as architect.
This initial stage involves constructing two six-story mixed-use buildings that will collectively offer 183 apartments in various sizes ranging from studios to three-bedroom units. Additionally, there will be an early childhood center spanning over14,000 square feet and around2 ,200 square feet of retail space on the first floor. Recently authorized by TIF Investment Committee is $5.5 million in TIF funding which further supports this redevelopment project.
Overall, these efforts are aimed at revitalizing LeClaire Courts through significant investment and development opportunities for both residents and businesses alike.
