Additional funding has been announced for the residential phase of the LeClaire Courts redevelopment at 4458 S Cicero Avenue in Garfield Ridge. Earlier this month we covered the project’s initial financing deal of $5.5 million in TIF, it has now received a large capital loan from the Chicago Housing Authority (CHA).

Led by developers The Habitat Company and Cabrera Capital Partners, the two structure first phase of the project is being designed by SCB and will kick off the much larger redevelopment of the 32-acre CHA site. Once completed the overall project will bring 700-residential units, public green areas, and nearly 440,000 square-feet of commercial space including a clinic.

Bound by W 44th Street to the north and W 45th Street to the south, both of the six-story structures will rise along Cicero and reach around 67-feet in height. The L-shaped northern building will contain a large child-care facility on its ground floor, a fitness center, and community room, capped by 110 units.

A small public green space and plaza will stand between the two structures leading to two playgrounds and the 123-vehicle rear parking lot. South of that will be the second building which has seen a revision returning it to its original 73-unit design. This will be anchored by roughly 2,200 square-feet of retail space on the ground floor.

In total, this phase of the development will bring 183 units made up of studios, one-, two-, and three-bedroom layouts, of which 90-percent will be considered affordable. Residents will have access to various amenities including meeting spaces, lounges, laundry rooms, and a rooftop apiary that will provide residents fresh honey.

With a total cost of roughly $97 million, the project hopes to receive final approval for much of its funding stack soon. However the now approved $27 million capital loan brings it one step closer to its anticipated Spring 2025 groundbreaking.

Find out more at Chicago YIMBY