Affordable 12-story apartment building in Edgewater would bring family-sized units to the North Side, developer says

EDGEWATER – Plans for an affordable apartment development in Edgewater are focused, with the developer and local alderman hoping the project addresses the lack of affordable units for families on the north side.

The Bickerdike Redevelopment Corporation on Tuesday presented its plan to transform a Streets and Sanitation depot at 5853 N. Broadway into a housing complex.

The proposal calls for a 12-story building containing up to 94 apartments, with roughly an equal number of one, two and three bedroom units, said Joy Aruguete, CEO of Bickerdike.

Housing would be reserved for people earning around 50 to 60 percent of the region’s median income, which for a family of four is around $ 46,600 to $ 60,000, Aruguete said. One-bedroom rooms would start at around $ 810 per month, and three-bedroom apartments would start at a maximum of just under $ 1,300 per month.

There would be 35 parking spaces. The development would be considered a fairness transit-oriented development because of its proximity to the red line, which would reduce the usual requirement of one parking space per unit.

Project plans are preliminary. Bickerdike is negotiating the sale of the depot with the city, Ald said. Harry Osterman (48th). It could take a year for the city to sell and approve the project, followed by another year to a year and a half for construction, he said.

The Bickerdike project would be the first affordable housing development in Edgewater in 40 years, Osterman said. This could help the city reduce the amount of land it owns while adding affordable and family units much needed in an area that has seen increased development.

“I strongly believe in this project,” Osterman said at a community meeting on Tuesday. “It will be an asset to our community and it will be a solid development that will truly provide the housing that our community needs. “

Funding for the project has yet to be secured, but will likely involve funding through tax increases and tax credits for low-income housing, Aruguete said.

The development is the culmination of years of working to get more affordable housing in Edgewater, Osterman said.

In recent years, the city has sought to sell real estate to generate income. At the same time, the operations of the Streets and Sanitation depot on Broadway were scaled back and moved to other neighborhood courtyards, including one on Ravenswood Avenue.

These combinations of factors made the property a good choice for affordable development, Osterman, chairman of the city’s housing committee, said in a note to voters.

Osterman contacted Bickerdike to gauge his interest in the property. Bickerdike, a non-profit affordable housing developer, is close construction on the Emmett Street Apartments, an all-affordable project built on a former city-owned parking lot near Logan Square Blue Line Station.

Recently, Bickerdike’s board of directors voted to expand its service area from the larger area of ​​Logan Square to encompass much of the north side, as it seeks to help more communities tackle issues such as the shift.

“Much of what is developed are smaller studios and one-bedroom units not for families,” Aruguete said at the meeting. “People [are] feel more and more stuck in their neighborhoods.

About 90 community members came to a community meeting on the proposed development on Tuesday, many of them involved in political or housing rights groups. Everyone who spoke at the meeting was in favor of the project and some called for it to include more units for people with very low incomes.

“Thank you for bringing this to our community,” said Rohini Dsilva, Edgewater resident. “More dense housing like this also generates foot traffic, which is great for retail and creates vibrant neighborhoods. “

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