Senior Lifestyle Gets TIF for 133-Unit Building

CHICAGO-Senior Lifestyle Corp., which answered a call from 38th Ward Alderman Thomas R. Allen to help redevelop a site at Oak Park Avenue and Forest Preserve Drive, will get nearly $3 million in tax increment financing to build a 133-unit multifamily rental building for senior citizens. The $23-million building is part of Autumn Green at Wright Campus, which also will include two four-story condominium buildings.

While adding senior housing on the far Northwest Side, Senior Lifestyles also will help the New Horizons Center for the Developmentally Disabled, which is selling 4.68 acres to the multifamily developer. The money from the property sale will allow New Horizons to build a 30,000-sf school to replace its current facility, which are three inter-connected single-family homes converted to the agency’s use. New Horizons will built its school east of Senior Lifestyle’s six-story rental building, which will be under construction early next year at the northeast corner of Oak Park Avenue and Forest Preserve Drive.

“This is a golden opportunity for the neighborhood,” Allen says. “It addresses two significant voids in the neighborhood.”