HOME Funds to Yield Retail, Senior Housing

CHICAGO-All Chicago, LLC is paying $1 million for a 2.1-acre site at the northwest corner of 87th Street and Ashland Avenue while the city will lend nearly $6.2 million to two developers to build retail and residential projects.

By Mark Ruda | June 27, 2001 at 01:01 AM

Auburn Commons, LP is developing the senior housing portion of the development while Neighborhood Rejuvenation Partners, LP will develop the retail portion of the project located in the 87th and Ashland Redevelopment Project Area.

The $1-million purchase price is about $100,000 more than the properties' market value, according to Cook County tax records. The breakdown is $680,000 for the retail parcels, $320,000 for the residential portion.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

1 Downtown Apartment Markets Thriving Amid Post-Pandemic Shifts

2 When Will the Next Rate Cut Come? Later Than You Might Think, Say Economists

3 New Yorkers Take Billions in Income to Florida as Migration Patterns Shift

4 Shifting Consumer Patterns Drive Retail Rent Growth Beyond Traditional Urban Cores

5 Apartment Landlords Prioritize Filling Vacancies Over Rent Amid Economic Uncertainty

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Consulting
Consulting Top Consultants 2025
June 26, 2025 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information

When Will the Next Rate Cut Come? Later Than You Might Think, Say Economists

By Erik Sherman | May 12, 2025

Many predictions are running between September and December.

When Will the Next Rate Cut Come? Later Than You Might Think, Say Economists

Index Shows CRE Activity Held Steady in April Despite Tariff Turbulence

By Philippa Maister | May 12, 2025

Lenders are increasingly focused on refinancing opportunities and portfolio optimization.

Index Shows CRE Activity Held Steady in April Despite Tariff Turbulence

Investors Back Nuveen’s Bet on Grocery-Anchored Retail With $320M Commitment

By Erika Morphy | May 09, 2025

There was also increased interest from lenders.

Investors Back Nuveen’s Bet on Grocery-Anchored Retail With $320M Commitment

The Great Slowdown: Domestic Migration Into 2025 link

Report

Sponsored by Placer.ai

The Great Slowdown: Domestic Migration Into 2025

Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.

Browse More Resources ›

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio link

Guide

Sponsored by Assurant

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio

Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.

Browse More Resources ›

The Return to Office: Recovery Still Underway link

Guide

Sponsored by Placer.ai

The Return to Office: Recovery Still Underway

Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!

Browse More Resources ›