Terrace 459 Breaks Ground at Cabrini-Green Spot

CHICAGO, IL - A plan to create more than 2,800 mixed-income units at the former Cabrini-Green location on the Near North Side took another step forward this week when ground broke on Terrace 459 of Old Town, a 106-unit development at 459 W. Division and 1151 N. Cleveland.

“The City and the CHA remain committed to providing quality, affordable housing like this for as many residents as possible,” said Mayor Rahm Emanuel, who joined the Chicago Housing Authority, Congressman Danny Davis, 27th Ward Ald. Walter Burnett, Jr. and Holsten Real Estate in cutting the ribbon on Wednesday.

“The old Cabrini Green complex was part of our past and today we start a new chapter with Terrace 459 – an anchor for our future. Community investments like these spur new economic opportunities,” Emanuel added.

The newest units include 36 earmarked for public housing, 27 affordable units and 43 that will be available at market rate.

When the redevelopment of Cabrini-Green is complete, there will be mid-rise units, townhomes and city flats. No high rises.