The outside of an @properties-listed condo on South St. Lawrence Avenue in Chicago's Bronzeville neighborhood.
This isn’t the first time Bronzeville has seen increased interest from the real estate community. The area experienced investment in the 1990s and early 2000s before the 2008 financial crisis, which sent the community spiraling backward. The company has often been at the forefront of residential development, opening offices in Bucktown and Wicker Park, with its first office located in Fulton Market when there was “nothing there but you were starting to see things happen,” Golden said.“We feel like the growth opportunities now are really more in the south and maybe even more west down the road,” Golden said. “We want to be on the cutting edge of that trend.
Bronzeville — a neighborhood that remains overwhelmingly Black, according to the 2020 U.S. census — is now seeing a rush of investment again from governmental agencies and private developers. Commercial spaces include Bronzeville Winery, which opened last year after receiving a $250,000 grant from the city’s Neighborhood Opportunity Fund. And in February, Demera Ethiopian Restaurant received a $3.1 million community development grant from the city to open a location on the ground floor of a building that will also include office and residential space.
On South Vernon Avenue down the street from 43 Green, Keaney is building five townhomes on a site that for decades housed a vacant building. Once they are completed in a few months, they’ll likely sell in the mid- to upper $700,000 range, according to Browne, the @properties agent.The National Association of Home Builders released data Feb. 9 showing housing affordability — measured by the percentage of families earning the U.S.
Damned if you do, damned if you don't