Neighborhood News
Parkview Lofts Affordable Housing Gets Final OKs from City
The Parkview Lofts and Parkview Commerce developments at 2159 and 2139 W. Pershing Road in Chicago’s McKinley Park neighborhood received the final needed go-ahead from the City of Chicago through zoning board and Chicago City Council votes in the last week of May.
The council voted on Wednesday, May 26, 2021, to approve the development in a 36-13 split vote. Among those voting against the development was Alderman Byron Sigcho-Lopez, whose 25th Ward occupies blocks on the north end of the McKinley Park neighborhood.
The Chicago Zoning Board of Appeals approved the needed zoning changes the day before, on Tuesday, May 25, 2021, to allow conversion of the commercial Central Manufacturing District warehouses to residential use. The historic properties have been vacant for decades.
Family-Sized Units
The prospective interior of a Parkview Lofts apartment is on display in an architectural rendering provided by project developers.Once built, Parkview Lofts will offer 120 units of affordable housing across from McKinley Park, with rents pegged to the area’s median income for a variety of units, including two and three bedrooms big enough for families.
Parkview Commerce next door will offer 39 market-rate loft apartments in the upper floors and commercial and light manufacturing space below.
Although council dissension against the development focused on proximity to the MAT Asphalt plant, the much closer U.S. federal Toxic Release Inventory (TRI) site at 4000 S. Bell Ave. and the preponderance of other nearby TRI sites remained non-issues in deliberations.
As previously reported here in the McKinley Park News, project financing for both Parkview buildings is expected to be completed before the end of this year, with the first affordable housing tenants moving in within 12 months.
Related
- "Plan Commission Approves Parkview Lofts Affordable Housing Project," May 21, 2021
- "McKinley Park Affordable Housing Project Returns via COVID Tax Credit Relief," May 3, 2021
- "Apartments, Commercial Space Pegged for Parkview Developments on Pershing Road," February 26, 2019
Ed. Note: MAT Asphalt is a Sponsor of the McKinley Park News. For information about our operations and policies, see our About Us page and the Letter from the Editor "Building a Trustworthy News Business."
https://mckinleypark.news/news/1638-protesters-assail-mayor-lori-lightfoot-mat-asphalt-at-mckinley-park-demonstration
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