June 1, 2022
Fifth Avenue Finalist the Illinois Real Estate Journal Project Award in Affordable Housing!
We’re very proud to share that the Fifth Avenue Apartments in Maywood, IL is a finalist in the Illinois Real Estate Journal Project Award in Affordable Housing!
The annual Illinois Real Estate Journal Project Awards celebrate the achievements, successes and highlights from all sectors of the commercial real estate industry across the state. Fifth Avenue ranks among them for its ambitious sustainable design program, efficient design, and build quality thanks to the vision of our client Interfaith Housing Development Corp. and our build partner McShane Construction Company.
Fifth Avenue Apartments is a major step forward in overcoming years of resistance to affordable housing development in this underserved neighborhood outside Chicago. The five-story development is comprised of studio, one-, two- and three-bedroom residential units providing affordable housing for households at or below 60% of the area median income (AMI), along with interior and exterior shared community spaces. It also includes approximately 4,000 square feet of retail space on the ground floor, currently slated for development into a grocery store, addressing the lack of this amenity in the area.
Read more about the project below.