CHICAGO — Habitat, a locally based developer and property manager, has broken ground on OC Living Phase A2, the second residential building to be built at the $200 million Ogden Commons mixed-use project in Chicago’s North Lawndale neighborhood.
Phase A2 of OC Living will feature 75 units, 82 percent of which will be set aside as affordable housing. Thirty units will be available to Chicago Housing Authority residents. The remaining 13 apartments will have market-rate rents. Units will come in studio, one- and two-bedroom floor plans. The building will rise three stories.
The development is scheduled to open in late 2025. The City of Chicago invested $9 million for Phase A2, and 23 percent of the project’s total construction costs are being covered by Chicago tax-increment financing fund.
Simultaneous with the groundbreaking, Habitat also opened the first residential building at OC Living. The four-story property comprises 23 studios, 60 one-bedroom units and nine two-bedroom apartments. A planned third phase will offer townhomes and multi-flat units with larger floor plans designed for families. Phase I of the 10-acre project consisted of a 45,000-square-foot commercial building, which was completed in 2021.
Developed by Habitat, along with Sinai Chicago, Alecko Capital and the City of Chicago, Ogden Commons will include more than 350 mixed-income apartments, as well as 120,000 square feet of commercial and retail space. McHugh Construction and Bowa Construction are the general contractors. Bank of America is among the development’s other partners.