rendering: Trianon Lofts will add another new construction building on South Cottage Grove Avenue just south of the University of Chicago.
Woodlawn Park, consists of a variety of distinctive structures combining residential, commercial and recreational uses that have made the center of a healthy new community. Trianon Lofts will add a multi-dimensional aspect to the revitalization project, comprising 24 units of mixed-income housing, 7,000-square-feet of ground-floor retail space and 24 outdoor parking spaces. This environmentally conscious, high end apartment building serves a new market in Woodlawn (half of the units will be rented at market rates and half will be made available to residents earning up to 80 percent of area median income) and features two-bedroom, two-bathroom apartments (900 sf to 950 sf each) with 10 ft. high ceilings.
Other funding sources for the four-story building will include $3.3 million in New Markets Tax Credit equity, $3.3 million in HUD Choice Grant funds and a $3 million private construction loan. Part of the continuing redevelopment of Woodlawn’s former Grove Parc apartment complex, the complex will be named for the Trianon Ballroom, which was located nearby and demolished in 1967.
The project architect is UrbanWorks, an internationally-recognized, minority women-owned Chicago architectural firm. UrbanWorks is committed to producing socially and environmentally responsible designs for civic, community-based, private and commercial sector clients.
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