Chicago-based The Habitat Company today announced that it has secured financing for Ogden Commons Phase 2. This mixed-use, mixed income project will cost $200 million and will include 120,000 square feet commercial and retail space. It will also have over 350 housing units. Construction has begun on OC Living’s initial phase, a 92-unit building, with financing in place. It will be located at 1325 S. Washtenaw Ave. and is just steps away from Ogden Commons’ 3-story commercial building, which marked Phase 1 of the 10-acre development. This building was completed in 2021. The commercial building, which measures 30,000 square feet, houses a Wintrust Bank branch, Momentum Coffee, and Sinai Health System’s One Lawndale Express Care Clinic.
Ogden Commons was developed by The Habitat Company, Alecko Capital and the city of Chicago. It is the largest opportunity zone project in the city and was designed to provide much-needed housing, retail, and critical outpatient services to Chicago’s West Side.
OC Living’s first building is expected to be completed by Spring 2024. It will feature a mix of 23 studios and 60 one-bedroom apartments, as well as nine two-bedroom apartments. The building’s outdoor amenities include a rubber-surfaced children’s lot with play structures, bike racks and a landscaped lawn. There will also be 110 parking stalls. The building’s first floor will have indoor amenities such as package and mail rooms, management, social services offices, a gym, and a bike room.
Ogden Commons is bordered on the south by Ogden Avenue, Fairfield Avenue to west and Rockwell Street east. The entire project was built in multiple phases. McHugh Construction Co., Bowa Construction and Bowa Construction are the general contractors. Bank of America is one of the other development partners.