CCLF E-NEWSLETTER OF COMMUNITY DEVELOPMENT PROJECTS, ISSUES & FEATURES Summer/2010
Wilson Yard Grand Opening Development hopes to spur commercial revitalization in Uptown Holsten Real Estate Development Corporation recently celebrated the grand opening of Wilson Yard, an innovative, mixed-use development in Uptown. The opening represents the completion of a lengthy development process, resulting in a project that Alderman Helen Shiller says will have a "dramatic impact on the 46th Ward" and "spur future commercial and retail development" in the neighborhood. CCLF made a $1 million early-stage loan for Wilson Yard, part of financing from more than 20 public and private sources, including Wilson Yard Target store Bank of America, JPMorgan Chase, IHDA, LISC, Bridgeview Bank, the Federal Home Loan Bank, Enterprise, CHA, City of Chicago and Target, among many others. The development promises to revitalize a commercial corridor, and includes 178 affordable senior and family apartments and over 30,000 square feet of commercial space, including Target and Aldi stores. Target Store Team Leader Sandra Obendorf says that they received over 5,000 applications and hired more than 300 team members, 80% of whom live within a two-mile radius of the new store. Kristy Butler is one of those hired. She used to work at the Evanston Target, but transferred to the Wilson Yard store, saying, "I can now live and work in my community."
Register now for CCLF's Building for Sustainability Workshop Join us at the Chicago Center for Green Technology for the Building for Sustainability Workshop, a two-day session about sustainable building and design, held on Sept 30-Oct 1. Register today at www.cclfchicago.org /assistance /workshops.
Director Honors, Transitions Ed Jacob, a member of CCLF's Board of Directors, recently became the Executive Director of Neighborhood Housing Services of Chicago. Ed previously was Manager of the North Side Community Federal Credit Union. Congratulations, Ed!