Goals

LUCHA and Evergreen have partnered to develop an 100% affordable mixed-use development located in the Logan Square community area, at the western end of the Bloomingdale (606) Trail, titled Encuentro Square. Formerly occupied by a manufacturing facility, the site was acquired by the Trust for Public Land in 2014 while developing the 606 Trail. In 2019 the site was sold to the City of Chicago, who demolished the existing structures in early 2021 and are undertaking remediation of the site prior to donation to the development.

Results

The resulting project includes the new construction of 3 apartment buildings for a total of 196 units, as well as a 122 parking spaces, 19 overflow spaces and a public park as part of the wider redevelopment effort between the development team, DPD, DOH, the Trust for Public Land and the Chicago Parks District. Phase 1 of the project includes the northern half of the site, buildings 1 and 2, and approximately 50% of the parking. Future phase(s) include building 3, remaining parking, and a public park to the south of the site. Phase 1 is funded by a combination of financing sources, including both 4% and 9% Low-Income Housing Tax Credits (LIHTC). The site has been programmed to include a mix of 1-, 2- and 3-bedroom apartments reserved for households at or below 60% AMI, a community space, an early childhood family support program and a private courtyard featuring community gardens and play spaces.