Apartments on the 5900 block of South Normal Boulevard, one of 13 apartment buildings in the Englewood neighborhood collectively know as Englewood Gardens on Aug. 1, 2022.
Jonathan Rose is becoming a big player in Chicago’s affordable housing sector. By the end of the year, it will own more than 2,000 affordable and mixed income apartments in the Chicago area, according to Nathan Taft, partner and senior managing director.Apartments at 6642-56 South Stewart Ave., part of Englewood Gardens, recently acquired by Jonathan Rose Cos., Aug. 1, 2022.
Jonathan Rose bought Englewood Gardens with its $525 million Rose Affordable Housing Preservation Fund V. In a one-year renovation, it will install energy efficient features such as LED lights and better insulated roofs, cutting residents’ utility bills, and add new cabinets and flooring, and make fire and safety improvements.
Local officials praised Jonathan Rose for preserving Englewood Gardens, which will be managed by 5T, and making commitments to improve conditions.
They can buy my building too.
Too bad investors couldn't provide better schools, gyms, libraries, grocery stores, additional police...
Oh wow, Englewood. Talk about a power move! I read somewhere that roughly 1/3 of the houses in Englewood are abandoned. It might as well be Gary. I can’t see what they purchased before, as I can’t get past the paywall. $6 for a year of the Tribune is way too expensive.
new york leeches and parasites you mean. are you kidding me.