Saturday, January 7, 2017

Evergreen Begins Pre-leasing at Fairhaven Crossing Apartments in Mundelein, IL

Fairhaven Crossing Apartments, Downtown Mundelein, IL
 CHICAGO, IL  – Evergreen Real Estate Group, a leader in the development, rehabilitation and management of both affordable and market-rate multifamily housing, announced the start of pre-leasing at Fairhaven Crossing, a 40-unit affordable rental community in downtown Mundelein, Ill.

 The transit-oriented development, the first affordable housing community to be developed in Mundelein in many years, will welcome its first residents later this month.

Located at 407 E. Hawley St., Fairhaven Crossing includes a mix of one-, two- and three-bedroom units, with affordable rents for households earning 60 percent or less of the area median income (AMI).

Part of a broader initiative to transform downtown Mundelein into a walkable mixed-use district, the $13.5 million project involved converting and expanding a vacant 1½- story brick building on the site – previously a light industrial building – into a three-story residential building.

 The redevelopment was partially funded using $5.6 million in low-income housing tax credit financing secured by Evergreen Real Estate Group.

“Fairhaven Crossing is a great addition to downtown Mundelein, taking an underutilized yet highly visible site and reimagining it as a vibrant residential community,” said Larry Pusateri, development partner for Evergreen Real Estate Group, which will also manage the community.

Larry Pusatari

“The Chicago area, like much of the country, is struggling with a shortage of affordable housing, making it extremely difficult to find apartments that are either ADA-accessible or large enough to house a family. 

Fairhaven Crossing was designed to fill this void in the market, providing quality housing tailored to the needs of these underserved groups.”

For a complete copy of the company’s news release, please contact:

Kelly Shumaker,, (312) 267-4519

Abe Tekippe,, (312) 267-4528

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