TAWANI Develops Chicago Asset
- Dec 13, 2017
TAWANI Property Management has broken ground on its latest development in the Rogers Park neighborhood of Chicago, an eight-story apartment community with 45 units. Construction is expected to wrap up in the spring of 2019.
The owner, a division of TAWANI Enterprises, acquired the development site’s parcel in 2015 and demolished the existing strip mall on the site later that year. TAWANI is working with Z Feng Architect & Co., the Concord Group and Pepper Construction to develop the property.
Located at 1323 W. Morse Ave., the property is easily accessible from the Chicago Transit Authority’s 24-hour Red Line train and is immediately adjacent to two bus routes. The project includes a mix of studio, one- and two-bedroom apartments on the upper five floors, with the first three stories occupied by a parking garage with 73 spaces both for residents and patrons of the neighboring Mayne Stage performance venue. The apartments are anticipated to be priced from $1,100 to $2,300 per month. Amenities include outdoor terraces with a barbecue area, rooftop gardens, bicycle storage and a fitness center.
“Rogers Park is a vibrant, growing community with a lot of positive activity. The new Morse Avenue apartment building will make the area stronger and bring more housing options to the neighborhood,” said Joe Moore, alderman of the 49th Ward in Chicago, in prepared remarks. “It will also enhance Morse Avenue and generate more customers for local businesses.”
A number of other multifamily developments have recently broken ground in the area, including Loukas Development’s new luxury mixed-use project in Greektown.
Image courtesy of TAWANI Property Management