Schréder Lighting Opens U.S. Office
Brussels-based Schréder Group, G.I.E., has established Schréder Lighting USA in Chicago. The company says its U.S. office will complement existing Canadian operations to establish the Schréder brand throughout North America.
BEST SPECIAL-NEEDS PROJECT:Chicago Development Changing Lives
CHICAGO—Anthony Sugel has a place to call home. He moved into his new apartment March 1.
Chicago—AvalonBay Communities has acquired a 3.5-acre site here for a new 1,000-unit apartment community, Avalon on South Clark. The development cost is approximately $280 million.
Waterton Associates’ business came full circle when it purchased the Presidential Towers in a $475 million deal in March, the largest multifamily transaction in Chicago’s history.
CHICAGO—Centerline Holding Co. said it has provided $30.5 million in equity financing for phase II of Roosevelt Square Apartments here. The HOPE VI program provided an additional $17 million for phase II.
THE BANKER: Banking on the Inner City
When it comes to company tag lines, ShoreBank Corp.
THE APOSTLE OF REHAB: Proving Preservation’s Power
For John Pritscher, fighting social injustice was not the passing fancy of a young idealist. It was a life-long calling.
Tackling the Tough Projects
CHICAGO Interfaith Housing Development Corporation of Chicago (IHDCC) is building three affordable housing projects in three different neighborhoods in the city, and like the other developments the small nonprofit organization has created, the new housing will be unique.
THE STREET FIGHTER:Playing Hardball
Gale Cincotta’s street-smart protest tactics were legendary among Chicago housing activists.
Take the Tour
The popular affordable housing bus tour is once again a part of the agenda at this year’s AHF Live: The Tax Credit Developers’ Summit. For an additional fee, conference attendees can tour a dozen affordable housing properties in Chicago.