Structured Development launches phase two of Harrison Row Townhomes in East Garfield Park – REJournals

2022-06-15 12:24:52 By : Ms. Kassia J

Structured Development has launched the second phase of Harrison Row Townhomes, an affordable for-sale townhome community at Harrison and Francisco streets in Chicago’s East Garfield Park neighborhood. A total of 33 new three-bedroom, 1.5-bath townhomes will be added, including 14 duplex townhomes, or 28 units, built using modular construction.

Priced from $245,000 and created under Chicago’s Affordable Requirements Ordinance (ARO), the homes will be built in phases over the course of the year and reserved for households earning up to 120% of the Area Median Income. Buyers will be sourced through the Chicago Community Land Trust, a nonprofit corporation administered and staffed by the Chicago Department of Housing that seeks to preserve the long-term affordability of homes created through city of Chicago programs, including the ARO. 

“Teachers, police officers, firefighters, healthcare professionals, factory workers – they form the backbone of our city, yet they typically struggle to find affordable workforce housing. Ironically, their income levels disqualify them for low-income housing options yet they don’t earn enough to afford market-rate homes, especially those that are newly constructed and large enough to accommodate a family,” said Mike Drew, founding principal of Structured Development. “Harrison Row will give more people the opportunity to achieve the dream of homeownership, putting down roots in the community and building equity from the day they close.” 

Chicago-based Kinexx Modular Construction will assemble the modular townhomes off-site in its Southwest Side factory, reducing the construction timeline for each home to approximately 90 days, including on-site installation. Founded in 2020 by Joshua Braun and Paul Tebben, Kinexx is the first company to design, build and install a modular home in Chicago, with plans customized to the city’s typical lot size. Harrison Row is the first townhome application of the company’s modular designs.

The idea to explore modular for Harrison Row’s second phase originated from Fain’s LLC, a Black-owned development firm based in East Garfield Park. Led by Kevin Brinson and Quentin “Q” Addison, who both grew up in the neighborhood, Fain’s originally specialized in renovations and other contracting work before shifting its focus to development. Following an introduction by 27th Ward Ald. Walter Burnett Jr., Fain’s began receiving mentorship from Structured Development on the first phase of Harrison Row and is now a partner on two of the units in phase two. As part of the ownership group, Fain’s will share in the fee revenues and profit and losses while gaining the foundation to develop projects independently in the future.

Under the ARO, the Harrison Row Townhomes are required to remain affordable for at least 30 years. Annette Shelton of Coldwell Banker Realty is the exclusive listing broker for the homes.

Harrison Row is located a mile north of Mount Sinai Hospital and less than two miles west of the Illinois Medical District, University of Illinois at Chicago and other major employers. The CTA Blue Line and several bus routes are within walking distance of the community, which is just south of the Eisenhower Expressway, further enhancing accessibility.

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