Rendering of Ogden Commons, Chicago, IL Rendering of Ogden Commons, Chicago, IL

CHICAGO, IL—Chicago-based The Habitat Company says it received City Planning Commission approval of its plans for a $200 million 10-acre mixed-use project in Chicago's North Lawndale neighborhood, to be developed in partnership with the Chicago Housing Authority, Sinai Health System, Cinespace Chicago Film Studios and the city of Chicago. Known as Ogden Commons, the development will offer mixed-income rental housing, retail and commercial space.

Bordered by Ogden Avenue to the south, Fairfield Avenue to the west and Rockwell Street to the east, Ogden Commons will be located on the former site of the Chicago Housing Authority's Lawndale development. The mixed-use project will transform 10 acres of mostly vacant property near Douglas Park into 120,000 square feet of commercial and retail space plus hundreds of mixed-income housing units. According to Matt Fiascone, president of The Habitat Company, Ogden Commons will help serve as an economic catalyst for the area, which is already home to Cinespace Chicago Film Studios and Sinai Health System.

The Habitat Company is proud to lead this public-private partnership to bring not only much-needed quality housing to the North Lawndale neighborhood, but also commercial and retail spaces that will help expand employment opportunities and health services in this area,” says Fiascone. “Ogden Commons is more than just a group of buildings—it's about a commitment by each partner to help enhance an historic community that will serve the residents and businesses of North Lawndale and the greater Chicago area for years to come.”

Ogden Commons will be developed in multiple phases, with the first phase comprised of 45,000 square feet of commercial space, 15,000 square feet of retail space and a portion of the planned residences. Construction on the commercial space is expected to begin during second quarter 2019 with the residential work to follow. The entire development is projected for completion in 2021, at which time Cinespace and Sinai will occupy a significant portion of the commercial space, expanding on their current locations on Ogden Avenue across from the Ogden Commons site.

Ogden Commons is taking vacant land and transforming it into a mixed-use project that includes commercial, retail and housing units for residents,” says Chicago Mayor Rahm Emanuel. “This builds on the city's effort to redevelop North Lawndale and further helps expand jobs and services for our residents.”

“We are pleased to see this mixed-use development move forward because we know it will bring a new vibrancy to this historic community and serve as an example of what partnerships can do to improve not just one neighborhood, but the city as a whole,” says Eugene E. Jones, Jr., CEO, Chicago Housing Authority.

Cinespace Chicago Film Studios occupies 1.45 million square feet of what used to be the Ryerson Steel Company, and specializes in the development, management and operation of studio facilities. Its additional space at Ogden Commons will allow the growing film studio—home to a number of TV shows and movies, such as Empire, Chicago Fire and Divergent—to expand its services. Cinespace has created more than 15,000 film-related jobs and has generated over $5 billion in revenue for the city and the state.

Cinespace is proud to partner with Sinai Health System and The Habitat Company on such an exciting mixed-use community development project,” says Alex Pissios, president of Cinespace Chicago Film Studios. “Ogden Commons will allow us to expand our job creation, while developing new mixed-income housing along with much needed retail stores that currently do not exist in this community.”

Sinai Health System has had a presence in North Lawndale for nearly 100 years with its Mount Sinai Hospital, along with Schwab Rehabilitation Hospital and Sinai Community Institute, all located along Ogden Avenue. Its new space at Ogden Commons will enable Sinai to continue providing quality care in new modern healthcare spaces for outpatient services.

“The Ogden Commons project is a cornerstone opportunity to invest in our community and its future,” says Karen Teitelbaum, president and CEO, Sinai Health System. “It is an extension of the work we've been doing for decades to reach beyond our own walls and find innovative and impactful ways to fulfill our core mission to improve the lives of those we serve.”

In addition to providing newly constructed mixed-income apartments for employees of Cinespace and Sinai, Ogden Commons will serve as a convenient housing option for employees of other key North Lawndale businesses such as Lagunitas Brewing Company.

“Since 1971, Habitat has spearheaded projects nationwide in developing nearly 8,000 new mixed-income housing units, so we're proud to make Ogden Commons our latest development in furthering our strong commitment to revitalizing urban communities.” says Fiascone.

Fiascone noted the development team will work closely with the city of Chicago to implement extensive streetscape enhancements along Ogden Avenue, including decorative lighting, special pavers, landscaping and benches to enhance the area's pedestrian environment and commercial viability.

Ogden Commons is expected to be funded by public and private funding sources typically available to support the development of mixed-use, mixed-income housing developments like this one.

|

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].