CHICAGO, IL - Chicago-based The Habitat Company has announced the start of pre-leasing for 111 apartments at The Concord at Sheridan, a seven-story mixed-use, mixed-income development at 6438 N. Sheridan Road in Chicago’s Rogers Park neighborhood. The project, a joint venture that includes Three Corners Development, Iceberg Development, the Chicago Housing Authority (CHA), Lightengale Group and Cubit Development, is slated to welcome first residents this spring.
Located steps from Loyola University Chicago’s Lake Shore Campus, The Concord at Sheridan is an urban infill development that will bring nearly 30,000 square feet of ground-floor retail space, anchored by a flexible-format Target store, to the neighborhood. The project will also include a mix of one- and two-bedroom residences ranging from 520 to 1,049 square feet. Sixty-five units are reserved as affordable housing for CHA residents, while the remaining 46 will be market-rate units, with monthly rents starting at $1,225.
“Combining mixed-income housing with a mixed-use development is one of the best ways to help a community at large evolve and drive economic growth,” said Charlton Hamer, senior vice president of Habitat Affordable Group, a division of The Habitat Company, which is leasing and managing The Concord at Sheridan. “Not only will The Concord at Sheridan bring in a diverse population that will frequent area retail and restaurants, but the Target also will be adding jobs to the neighborhood while filling a retail void.”
“This project brings many like-minded partners together, all with the same goal of improving the options and opportunities for more retail and housing choices within an already vibrant neighborhood,” said Rob Ferrino, president of Three Corners Development.
Each residence at The Concord at Sheridan will feature expansive windows, kitchens with granite countertops and Energy Star stainless steel appliances, and in-unit laundry. Most units also include walk-in closets.
The building’s amenity spaces, designed to foster a sense of community among residents, include a theater room, game area with foosball table, party room, community kitchen, fitness center, private conference room, internet café with workspaces and bike storage for each unit. An outdoor terrace, located on the second floor of the building, will offer lounge seating, fire pits and a dog run.
“The amenities at The Concord at Sheridan were chosen carefully and they are designed to be as diverse as its residents – something for everyone,” said Virginia Pace of Lightengale Group. “Whether residents want a stylish and inviting space to accommodate a business meeting or book club, or a place to be more active and socialize by playing games or working out, this building has them all.”
Designed as an eco-friendly building by GREC Architects, The Concord at Sheridan was constructed with locally sourced building materials, water-saving plumbing fixtures and energy-efficient light fixtures.
As a transit-oriented development in the heart of Rogers Park, it offers easy access to the Loyola Red Line station and multiple CTA bus stops. The Concord at Sheridan will also provide underground parking for both residents and shoppers. In addition to enjoying convenient access to Target, residents will be within walking distance of the Lake Michigan shoreline, as well as popular storefronts, cafés and restaurants in the surrounding neighborhood.
Rightway Madison JV is serving as the general contractor for the project. Financing is being provided by the Illinois Housing Development Authority, Chicago Housing Authority, city of Chicago, Citibank, The Richman Group and Credit Capital.
For more information and leasing inquiries, visit www.TheConcordatSheridan.com or email TheConcordatSheridan@habitat.com