CHICAGO, IL - Chicago-based Structured Development joined local officials, including Chicago Vice Mayor and Ald. Walter Burnett Jr., and project partners on June 29 at a ribbon-cutting celebration for Wendelin Park, a new mixed-income housing community and park at 853 W. Blackhawk St. in Lincoln Park.
Replacing a former industrial site, the Wendelin Park development comprises three residential buildings oriented around a new publicly accessible park. The master plan includes The Seng, a 34-unit all-affordable condominium building that is the largest of its kind ever built in Chicago, and the newly opened Post Chicago, the city’s largest co-living community, with 431 beds. Foundry, a 27-story, 327-unit market-rate apartment tower, is currently under construction and will open in fourth-quarter 2023.
The new park features a community garden, dog park, children’s climbing and play area, and 20-foot sculpture from Chicago artist Ruth Aizuss Migdal, titled “Red Tree Uprising,” commissioned through the Chicago Sculpture Exhibit.
Speakers at the grand opening included Structured Development Founding Principal Mike Drew, Ald. Burnett, Migdal, and Chicago Sculpture Exhibit Board President Pam Cullerton. Also in attendance were descendants of Wendelin Seng, founder of the Seng Furniture Company, which had previously occupied the site. The Seng family was presented with historical documents and memorabilia collected from a 1902 time capsule recovered from the foundation of the original Seng headquarters building.
The remarks and ribbon-cutting ceremony were followed by refreshments and open-house tours of Post Chicago and The Seng.
About Structured Development: Structured Development is a Chicago-based real estate development company formed in January 2002 to pursue unique real estate development opportunities. The company thrives on engaging in complex real estate transactions encompassing a range of property types, including retail, residential, mixed-use and industrial. Whether working with partners or independently, Structured Development strives to unlock and enhance the unseen value of real estate, simultaneously enriching urban and suburban landscapes through sustainable and innovative development practices. For more information, visit www.strdev.com