Terrace 459 at Parkside of Old Town (IIB)

Led by Holsten Real Estate Development Corp. and the Local Advisory Council of Cabrini residents, Parkside of Old Town is part of the redevelopment of the former Cabrini Extension North. The plan includes approximately 18 acres on the city’s Near North Side and will provide more than 700 homes on the ground of the infamous Cabrini Green housing project over several phases.

As a part of the Chicago Housing Authority’s Plan for Transformation, Parkside of Old Town shifts the old public housing model to a mixed-income strategy. At places like Cabrini Green, people were cut off. Physically and psychologically, they were a city apart. The new apartment buildings aim to eliminate those barriers through lower-density development, greater income diversity among tenants, and amenities that attract residents across a broad range. 

psot-aerial

Terrace 459 at Parkside of Old Town contains 36 units of replacement housing for former Cabrini residents, 27 affordable units, and 43 market-rate units. These rental apartments are housed in a 94-unit, nine-story building with seven townhouses attached to the back and a 12-unit, three-story building which faces the townhouses. The mixed-income model intends to nurture a sense of community and reveal the shared desire for a safe and secure neighborhood.

Near North Side, Chicago, IL

Status

Completed 2016

Unit Count

106

Client

Holsten Real Estate Development Corp.

Contractor

Linn-Mathes, Inc.

Consultants

McKay Landscape Architects (landscape)

Prism Engineering (civil)

C.E. Anderson & Anderson (structural)

Spancrete (precast concrete)

Lehman Design Consultants, Inc. (MEP)

Photography

David Schalliol

Awards

2017 Richard H. Driehaus Foundation Award for Architectural Excellence in Community Design, Third Place, CNDA

2016 Distinguished Building Award, Citation of Merit, AIA Chicago

2016 All Precast Concrete Special Award Co-Winner and Best Multi-Family Building, PCI Design Awards

2016 Affordable Housing Winner, Residential Architect Design Award

2016 Best of Development “Placemaker” Award, Real Estate Forum