CHICAGO, IL - Chicago-based Habitat, a leading U.S. multifamily developer and property manager, today announced it has received $4.5 million in low-income housing tax credits (LIHTC) from the city of Chicago for major renovations to Riverside Village, located at 13215 S. Indiana Ave., a fully affordable housing community with 258 units across 39 buildings in the city’s Riverdale neighborhood.
The awarded tax credits will help Habitat refinance the existing debt on the property and fund.
CHICAGO, IL - RMK Management Corp., one of the Midwest’s largest market-rate apartment management firms, has been selected by Churchill Living as property manager for two rental communities in central Illinois effective March 1: Elm Point Apartments, a 104-unit building in Bloomington, Ill.; and Oak Point Apartments, a 144-unit property in Normal, Ill.
“Our firm has more than 40 years of experience managing apartment communities throughout the Midwest, and we are pleased to expand.
CHICAGO, IL - Marquette Companies has announced the completion and grand opening of The Thompson at Fulton Market, a 210-unit mixed-use apartment building at 150 N. Ashland Ave., on the site of the former Mary Thompson Hospital in Chicago’s Fulton Market neighborhood.
Named for Dr. Mary Thompson, Chicago’s first female doctor and the first woman known to have performed major surgery, The Thompson is comprised of a new, 12-story glass and concrete building. This structure is.
CHICAGO, IL - Chicago-based Lexington Homes is debuting a fresh redesign of its popular Mews series of townhomes in Chicago’s north suburbs with Metro on Main, a new community of 89 townhomes in Morton Grove, Ill. Construction site work has begun, and Metro on Main is scheduled to start sales this spring with first deliveries and three furnished model homes expected in fall 2024.
Located at 8350 Lehigh Ave. in Morton Grove, just one block south of the Metra train station, Metro on Main.
CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $10.4 million sale of reVerb Century Station, a mixed-use property in Berwyn, Ill. – a record price for multifamily or mixed-use properties in the suburb, per CoStar data. The 52-unit apartment building with 10,662 square feet of ground-floor commercial space traded for $185,714 per unit.
Interra Senior Managing Partner Joe Smazal, Managing Partner Patrick.