Chicago-based The Habitat Company announced today it has secured financing for Phase 2 at Ogden Commons, a $200 million mixed-use, mixed-income project in Chicago’s North Lawndale neighborhood that upon completion will offer 120,000 square feet of commercial and retail space and over 350 mixed-income housing units, which will be known as OC Living. With financing in place, construction has started on OC Living’s first phase, a 92-unit building that will consist of 90% affordable apartments with the remainder market-rate.
Located at 1325 S. Washtenaw Ave., the four-story rental building will be just steps from Ogden Commons’ three-story commercial building that marked Phase 1 of the 10-acre development and was completed in 2021. The 30,000-square-foot commercial building includes a Wintrust Bank, Momentum Coffee and Sinai Health System’s One Lawndale Express Care Clinic.
Developed by The Habitat Company, along with Sinai Health System, Alecko Capital, and the city of Chicago, Ogden Commons is the city’s largest opportunity zone project and was conceived to bring much-needed housing, retail and critical outpatient health services to Chicago’s historically underserved West Side.
Scheduled to deliver by Spring 2024, OC Living’s first building will offer a mix of 23 studios, 60 one-bedrooms and nine two-bedroom apartments. The building’s outdoor amenities will include an enclosed rubber-surfaced children’s tot lot with play structures, bike racks, a lighted on-site walking path, landscaped lawn and 110 parking stalls. Indoor amenities, located on the building’s first floor, include package and mail rooms, management and social services offices, a fitness center and bike room.
Ogden Commons is bordered by Ogden Avenue to the south, Fairfield Avenue to the west and Rockwell Street to the east. Built over multiple phases, the entire project is scheduled to be complete by 2026 with McHugh Construction Co. and Bowa Construction serving as general contractors for the development. Bank of America is among the project’s other development partners.
