The $72.8 million building will have 90 affordable apartments

The Community Development Commission has approved $22 million in TIF funding and a $1 land sale for the affordable residential development at 5853 N. Broadway. Set to replace a Streets and Sanitation depot, the new building will rise along Broadway just south of W. Thorndale Ave and Broadway Armory Park. Bickerdike Redevelopment Corporation is the developer behind the proposal.

With LBBA Architects behind the design, the new building will rise 11 floors with 90 units inside. The project’s unit mix will include 30 one-beds, 50 two-beds, and 10 three-beds. All of them will be affordable, with 85 of them for residents at 60% AMI and 5 of them for residents at 30% AMI. Go to Chicago Urbanize for the full article.