43Green

Bringing residential and commercial value to the South Side

LOCATION

Chicago - Bronzeville Neighborhood

Project Type

Equitable transit-oriented development

ABOUT

A mixed-use and transit-oriented development project with housing and retail, the 43Green Project is designed to revitalize Chicago’s Bronzeville neighborhood by bringing quality affordable housing and commercial opportunities to Chicago’s South Side.

$100 million project funding
Bronzeville  Neighborhood Located at 43rd Street  and Calumet Avenue
179 units with 48% earmarked as  affordable housing  
10,000  square feet for retail space
43rd Street  Green Line Adjacent to the green line station enabling tenants to live car-free

Developing the Project

Split into three phases, the $100 million project developed in partnership with Chicago’s The Habitat Co. will deliver high-quality, affordable housing and commercial space for community-based businesses to Bronzeville.

43Green leverages Bronzeville’s historic nature and cultural community to provide high-quality living and community spaces to those who live in and feel connected to the area. It will be designed like other transit-oriented developments on Chicago’s northside, where architectural efficiencies are leveraged to deliver high-quality spaces with consistent affordability.

Phase I: Mixed-Use Development

Estimated Completion Date: February 2023

Phase I, is a mixed-use building featuring 99 apartment units and over 6,500 square feet of retail space. It is designed to help revitalize and grow the community’s once vibrant retail corridor and create an engaging community for residents. Phase 1 is the first equitable transit-oriented development (ETOD) on Chicago’s South Side, and is currently underway with Bowa Construction and McHugh Construction.

Phase II: Innovative Residential Spaces

Estimated Completion Date: TBD 2023

Phase II will provide 80 innovative new living spaces and be designed to appeal to young professionals, many of whom commute downtown or other locations around the region. The streamlined, modern design of the apartment units will allow for rents to remain affordable to tax-credit qualified renters and middle-income residents like teachers, tradespeople, public employees and other early career professionals.

Apartments units will be highly efficient and smaller in size, including studios ranging from 427 to 504 square feet to two-bedroom apartments measuring 1,002 square feet each
Amenities: access to shared laundry room, flex space, storage rooms, large fitness room and community room on the seventh-floor setback with an outdoor deck
Includes a residential lobby, bike storage room and 14 secured parking spaces on surface lot behind the building
Will also feature two leasable commercial spaces totaling 3,517 square feet with potential for outdoor seating

Creating Social and Economic Value in the South Side

Headquartered in the Bronzeville neighborhood, P3 Markets identified this project as a pivotal opportunity to bring more to the community. 43Green is the first project in Chicago’s South Side with housing and retail combined to provide affordable housing and economic opportunity and growth to neighborhood communities of low to moderate income.

P3 Markets partnered with The Habitat Co., and the city of Chicago for the mixed-use development that will provide high-quality affordable housing, improve residents’ quality of life, drive a desire to be part of the neighborhood, and create an active retail environment designed to stimulate both social and economic avenues.

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