- Credibility:
GRAND BOULEVARD — A mixed-income development slated for the 43rd Street corridor could start construction soon after getting a green light from the city.
The team behind 43 Green received a construction permit in late September. The $100 million, 10-story “transit-oriented development” will be one of the few on the South Side.
Charlton Hamer, senior vice president of Habitat Affordable Group — who is collaborating with P3 Markets and McHugh Construction on the project — told Block Club that a groundbreaking at 43rd Street and Calumet Avenue is “a month to a month-and-a-half away.”.
Credit: Provided.The plan calls for 99 residential units, 50 of them affordable. A 7,000-square-foot retail space will be on the ground floor, along with off-street parking for 24 vehicles, according to Urbanize. The project will receive $5 million in tax increment financing.
43 Green is part of a larger push to revitalize the 43rd Street corridor. Efforts also are underway to restore venues such as The Forum and transform abandoned buildings into cultural destinations.
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