Lead Developer: MR Properties, LLC has been active in real estate development in the Chicago area for over forty years. Their current primary development activities are developing Affordable Senior Housing under the Montclare Senior Residences brand. MR Properties has also been involved in developments of luxury residential spaces and office buildings.
Montclare Senior Residences of Calumet Heights, located at 9401 S Stony Island in Chicago, is a gateway project as it will be highly visible to visitors to the Obama Presidential Library that travel from the south and exit at Stony Island. The project is a 7-story new construction, mixed-income housing development with 134 one- and two-bedroom units for independent seniors 62 years and older and will be completed in 2020. The residential units will be targeted to a wide range of household and include 34 project-based vouchers from the Chicago Housing Authority and 30 market rate units.
Development amenities include a community room with warming kitchen, living room, TV media room, arts and crafts room, a laundry room, fitness center, library, computer lab, beauty salon, and centralized mail room. Exterior amenities include landscaped recreation areas, walking paths, large patio, and 78 surface parking spaces. The project is conveniently located near public transportation, healthcare facilities, and retail corridors for shopping.
Project Funding Sources
Unique Project Elements