- May 2, 2016
- Posted by: admin1
- Category:
CLIENT | Lofts 47 Phase 1 Limited Partnership Mahogany Chicago 47 LLC
LOCATION | East 48th Street and S Cottage Grove Ave Chicago, IL 60653
GENERAL CONTRACTOR | McShane Construction Company
START DATE | June 2012 DATE COMPLETED | 2014
PROJECT MANAGER | Megan Sepsey, Shavion Scott, and Andrew Johnson
PROJECT DESCRIPTION
The Shops and Lofts at 47 provide the community with a variety of benefits and opportunities including jobs and housing options. The development is located on an approximately 4 acre tract of land and consists of three components: a five story building comprised of 167,000 sq ft of space including commercial, residential, and parking, three new three-story infill buildings on
South Evans Ave consisting of 21 units, and the rehabilitation of a partially completed existing building with three residential units. Stakeholders LISC Chicago, Quad Communities Development Corporation (QCDC) and others have high hopes for the new development, and believe that the project could serve as a catalyst to new development in the neighborhood.
TARGET GROUP PRODUCTS AND SERVICES
- Reporting
- Local Hiring Program
- Local Business Directory
- Compliance and Monitoring
- Capacity Study
- Site Monitoring/ Visits
- Program Development & Implementation
- Contractor Commitment Meetings
PROJECT GOALS & ACHIEVEMENTS
- Chicago Residents Hours: 50%
- Chicago Residents wages: 49.37%
- Minority Representation: 57% Hours, 47% of workforce, 55% wages