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| Bethel Terrace Apartments, a 123-unit affordable senior housing community located at 900 West 63rd Parkway in Chicago’s Englewood neighborhood. |
CHICAGO, IL — Evergreen Real Estate Group, a leader in
the development, rehabilitation and management of both affordable and
market-rate multifamily housing, announced the completion of a $4 million renovation of Bethel Terrace Apartments, a 123-unit
affordable senior housing community located at 900 W. 63rd Parkway
in Chicago’s Englewood neighborhood.
Evergreen Construction Co., the firm’s full-service construction arm,
managed the six-month project as a phased, “in place” renovation that allowed
residents to remain in their homes as improvements were made.
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| Steve Rappin |
Evergreen also helped secure the renewal of Housing and
Urban Development (HUD) Section 8 HAP tenant-based assistance for an additional
20 years to help preserve affordability.
“We’re proud to play a role in the continued revitalization of Englewood,
not only through new-construction projects like the adjacent Sangamon
Terrace Apartments, an affordable senior housing community our firm
completed in 2015, but also through the rehabilitation and preservation of
existing affordable residences like those at Bethel Terrace,” said Steve Rappin, CEO
of Chicago-based Evergreen Real Estate Group, which manages the property.
“This project, in particular, underscores our broader
commitment to making quality housing accessible to seniors across all income
levels, allowing them to age in place comfortably and affordably.”
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| Andre Pintauro |
“Synergies with our property management and facility team helped tremendously with the phased construction.
"Through continuous communication with residents, we were able to be transparent and methodical in updating the community without disrupting the day-to-day lives of residents.”
“Thanks to the new cabinets and countertops, my kitchen has a fresh new look,” said Veronica Payne, a 20-year Bethel Terrace resident and president of the community’s board.
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| Veronica Payne |
Residential units at Bethel Terrace were updated with new flooring; paint;
appliances, cabinetry and countertops in kitchens; vanities and plumbing
fixtures in baths; energy-efficient baseboard heaters with programmable
thermostats; and LED lighting. Improvements to common areas included new paint,
flooring, lighting, elevator upgrades, shared Wi-Fi and an enhanced security
system.
Outside, Evergreen Construction Co. completed a façade restoration and
roof replacement, installed new lighting and landscaping, replaced fencing,
repaired sidewalks, repaved the parking lot, and added a new garden patio with
accessible seating. The Illinois Housing Development Authority (IHDA) provided
financing for the rehabilitation.
CONTACTS:
Rebecca Boykin, rboykin@taylorjohnson.com, (312)
267-4523
Abe Tekippe, atekippe@taylorjohnson.com,
(312) 267-4528
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