CHICAGO — A project that would restore vacant historic buildings and turn them into artist lofts in Pullman is expected to break ground soon, officials announced Friday.
After receiving $1.2 million low income housing tax credit award from the Illinois Housing Development Authority, construction of the $17.6 million Artspace Lofts will begin later this summer.
The 32,000-square-foot building will create 38 affordable rental work/live units and about 2,000 square feet of community space including a community gallery, working studio and classroom spaces for its residents.
In partnership with Chicago Neighborhood Initiatives, Artspace Projects and PullmanArts, the three story lofts will restore two vacant historic buildings and build a new one on Langely Avenue, south of 111th Street.
"It will create new opportunities for continuing to grow the neighborhood and improving the quality of life for all its residents," said 9th Ward Alderman Anthony Beale.
Construction of the new building will require the destruction of the remaining foundation and archeological remains of an original Pullman tenement building, says Mark Cassello, president of the Pullman National Monument Preservation Society.
The development will consist of studios, one-bedroom and two-bedroom living spaces.