Award-Winning Development Replaces Chicago Public Housing

October 16, 2011

Two very different plots of Chicago real estate have been chosen as multifamily projects of the year.

Multifamily Executive Magazine held its 2011 MFE Awards program in Las Vegas on October 4, presenting more than 40 awards recognizing projects, programs and people in 18 categories.

One of those awards went to a luxury apartment building in the heart of Chicago’s River North neighborhood and another was presented to a mixed-income neighborhood in Bronzeville.

community renderingSavoy Square at Legends South, a 20-building community in Chicago’s up-and-coming Bronzeville neighborhood, was granted a Merit Award as “Mixed-Income Project of the Year.”

The $44.9 million project, which was developed where the Chicago Housing Authority’s Robert Taylor Homes public housing community once stood, includes single-family townhouses; two, three, six, nine, and 12 flats; and a 5,200 square-foot community center.

There are also plans to build 58 mixed-income homes for sale.

When all is said and developed, this neighborhood will span across two miles in the heart of the Bronzeville neighborhood and will feature nearly 2,400 new rental and home-ownership residences.

The area’s original city grid will even be re-established for this community.

kitchenAdler & Sullivan and Frank Lloyd Wright were considered in this neighborhood’s design, which can be seen in the brick facing, bay windows and Prairie-style details.

The spacious homes offer one to four bedrooms, energy-efficient appliances, wall-to-wall carpeting, in-unit washers and dryers, free off-street parking, and large, landscaped areas behind the buildings.

The development has come together through a partnership with the Chicago Housing Authority, The Michaels Organization and Northrook-based Brinshore Development.

The property is managed by The Interstate Realty Management Co., which also offers a scholarship program to its residents.

Want to know about the other development that was chosen as a 2011 Multifamily Project of the Year?

Check out that story:

Chicago High Rise to be EnVied

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