CURRENT PROJECTS
1820 W FOSTER
NEIGHBORHOOD: Project located in the Andersonville/Lincoln Square neighborhood of Chicago. This is a highly sought-after section of the city because of its neighborhood charm, vintage details, access to public transportation and proximity to the lake.
STATUS: Architectural & structural drawings completed, construction commenced as of October 2020. Sales & marketing efforts commenced May 2021
https://www.dreamtown.com/developments/1820-foster
PROJECT DESCRIPTION: Acquisition of existing mixed-use structure to be replaced with larger building consisting of 9 three-bedroom residential units, plus 1,900 square feet of commercial space.
REINVENTIVE MISSION EFFORTS: The commercial space is designated for lease/sale to neighborhood nonprofits or small community businesses at 50% of market rate.
2820 N ELSTON
NEIGHBORHOOD Avondale/Logan Square. Logan Square is one of the creative hubs of the city and is bustling with community initiatives, restaurants and bars, and indie boutiques. This property has so many benefits - easily accessible to public transportation, close to high quality major retailers, and close to Logan Square.
STATUS: Site is under contract pending completion of rezone. Community Meeting targeted for January 2022 and has a projected 5/2022 transaction closing.
PROJECT DESCRIPTION: Acquisition of one existing retail structure and a vacant lot that will be replaced with a mixed-use building consisting of 40 one, two & three-bedroom residential units, plus up to 4,500 square feet of commercial space. Zoning anticipated April 2022, with Construction commencement Summer 2022.
REINVENTIVE MISSION EFFORTS: The commercial space is designated for lease/sale to neighborhood nonprofits or small community businesses at 50% of market rate. A minimum of 4 residential units will be reserved for families earning under 60% of AMI (Average Median Income), with 6 additional affordable units on premises.