Chicago Lakeview Project Wraps, New Units Hit Market
Affordable Housing Developments in Lakeview The affordable housing landscape in Lakeview is at a crucial turning point, especially in a rental market marked by scarcity. Current projects aim to increase accessibility significantly. Lakeview Landing at 835 W Addison is expected to open in September 2025. This development will offer 37 affordable and barrier-free units. Another noteworthy project is a mixed-use development at 1215 W Belmont Avenue. It will contribute eight affordable units to the community. Despite affordable housing making up just 16% of rentals in Lakeview, community engagement has been vital. It has nurtured transit-oriented developments that enhance accessibility. Community opposition has emerged in some areas, raising concerns about the affordability and economic impact of new developments. The proximity to amenities like Wrigley Field highlights the viability of affordable units. These efforts represent a strategic response to the supply-demand imbalance. Communit...