McShane Construction Company is building a $26.2 million affordable housing project for The Chicago Lighthouse at 1134 S. Wood St.
The permit issued on May 19 says the nine-story mixed occupancy building will include 72 units in its nine floors, with commercial tenant space at ground level. The structure is built with cast-in-place concrete and light gauge framing.
Chicago YIMBY says the structure replaces a parking lot and expands services offered at an adjacent two story medical building. The organization is partnering with Brinshore Development. Landon Bone Baker Architects designed the building.
Forty of the units will include features for blind and visually impaired individuals and 10 will be marketed for veterans, reflecting Chicago Lighthouse’s focus.
Chicago YIMBY reports that financing for the building comes in the form of two ordinances Mayor Lori Lightfoot passed in October of this year which includes; $1.5 million in Low-Income Housing Tax Credits, $6.8 million in Department of Housing Multi-Family Loans, $2.5 million in IL Affordable Housing Tax Credits, and $13 million in tax exempt bonds.
Key subtrades include: Electrical – American Electric Construction; Masonry – Tribco Construction Services; plumber/plumbing- DW Mechanical Group, Inc.; and refrigeration and ventilation – AT Mechanical, LLC.
