 |
The Habitat Company, McHugh Construction and Bowa Construction recently announced the topping off of the first building in phase one at Ogden Commons, Chicago’s largest mixed-use Opportunity Zone project. Upon completion, the project will include 120,000 square feet of commercial and retail space and more than 350 mixed-income housing units. |
CHICAGO, IL, May 21, 2020 –
Chicago-based firms The Habitat Company, James
McHugh Construction Co. and Bowa Construction have
announced the recent topping off of a commercial and retail building that marks
phase one of the $200 million Ogden Commons mixed-use project in Chicago’s
North Lawndale neighborhood.
Habitat formed a public-private partnership
with Sinai Health System, Cinespace Chicago Film Studios, the Chicago
Housing Authority and the city of Chicago to develop the 10
acres along the 2600 block of Ogden Avenue on Chicago’s West Side.
Upon completion,
the project will include 120,000 square feet of commercial and retail space and
more than 350 mixed-income housing units.
“While COVID-19 kept us from celebrating with a
traditional topping-off ceremony when the last piece of steel was placed in
late April, we wanted to acknowledge how proud we are of the construction
workers and subs for hitting this milestone on time and on budget,” said Matt
Fiascone, president of The Habitat Company.
 |
| Matt Fiascone |
“The
construction of new medical facilities and affordable housing is more vital
than ever for neighborhoods like North Lawndale that have been overlooked for
too long.
"This building is just the first step to bringing new jobs, retail and
housing to the community.”
Located at 2652 W. Ogden Ave., the commercial
building offers 50,000 square feet spread across three floors.
Unlike a
standard rectangular building, the steel structure includes several angles with
the upper floors suspended above a small courtyard at the building’s entrance,
noted Ray Cisco, project executive with McHugh Construction.
“With the steel frame of Ogden Common’s first
building now in place, the site is definitely coming to life and the
surrounding community can feel the development’s momentum, which is important
given this new time when so much of life feels like it’s on pause,” said Cisco.
 |
| Ray Cisco |
Scheduled for completion in January 2021, the
SCB-designed building will provide active retail frontage and create a
memorable gateway to a revitalized Ogden Avenue commercial corridor from the
east.
The building’s ground floor will be occupied by
Steak n’ Shake, Ja’ Grill and Wintrust Bank. The second and third floors will
include medical office space leased to Sinai Health System for outpatient
services.
Cinespace Chicago Film Studios will also
lease office space on the upper floors for its two nonprofit affiliates:
Cinecares, which offers a job-training program in film production for
disadvantaged youth; and Stage 18, a film industry incubator designed to expand
Chicago’s talent pool in movie and TV production.
Located on land formerly occupied by the Chicago
Housing Authority’s Ogden Courts and Lawndale public housing developments,
Ogden Commons is being financed through a combination of debt and Opportunity
Zone equity. PNC Bank funded $15 million of the $22 million development cost
for phase one at Ogden Commons.
 |
The Habitat Company, McHugh Construction and Bowa Construction recently announced the topping off a 50,000-square-foot office and retail building at Ogden Commons, a $200 million mixed-use project in Chicago’s North Lawndale neighborhood.
|
The residential component of Ogden Commons will
take place across multiple phases, with an anticipated start in 2021. Plans for
the first residential phase call for a 92-unit multifamily building and three
six-flat buildings.
CONTACTS:
Paula Widholm, pwidholm@taylorjohnson.com, (312) 267-4520
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527
No comments:
Post a Comment