The Habitat Company and P3 Markets Clears First Round of Financing for TOD, Mixed-Use Development in Chicago’s Grand Boulevard Neighborhood

  

Matt Fiascone

CHICAGO, IL  (April 21, 2020) – Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, today announced the firm cleared a key hurdle in financing the first phase of 43 Green, a $35M mixed-income, mixed-use transit-oriented development (TOD) in Chicago’s Grand Boulevard neighborhood.

 Habitat will develop the project in partnership with Bronzeville-based P3 Markets, a real estate development firm dedicated to public-private partnerships.

“Grand Boulevard is one of Chicago’s great historic neighborhoods and we’re confident that this transit-oriented community will appeal across multiple income levels,” said Matt Fiascone, president, The Habitat Company.

“While most of the recent development in the community has focused on single-family lots or multifamily projects concentrated north of this area, we are all optimistic that 43 Green will serve to drive new investment in the neighborhood and lead to long-term economic growth.”

 Phillip L. Beckham

“43 Green is an exciting project – not just for the neighborhood, but also for our team as it embodies our ongoing efforts to affect change in the communities that need it most,” said Phillip L. Beckham, principal, P3 Markets.

“This project also allows us – and future residents – to benefit from working with an exceptional partner like Habitat, which has a strong track record of developing successful mixed-income projects. 

"We look forward to revitalizing Grand Boulevard together as 43 Green becomes a reality.”

CONTACTS: 

Robin Plous, rplous@taylorjohnson.com, (312) 267-4512

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

  

www.habitat.com

www.p3markets.com