Thrive Englewood

Thrive Englewood is a mixed-use affordable development at 914 W. 63rd, just west of the Englewood Square Mall. The three phases of the Thrive Englewood project will begin with a six-story building along featuring 61 residential units with 2,400 square feet of ground floor retail. Two live/work units will round out the W. 63rd St frontage, with the residential lobby located along W. 63rd Pkwy. The unit mix for this phase will include 11 units at 50% AMI, 40 at 60% AMI, and 10 market-rate apartments.

Connected to Phase 1 through a shared lobby, Phase 2 will be oriented diagonally to border the intersection of Sangamon, Halsted, and 63rd. With a height of 65 feet, this five-story structure will contain 44 mixed-income units, three live/work units, a gym, a community room, and bicycle storage on the ground floor. A surface parking area for 58 vehicles will be accessible for both phases, while a landscaped area with a play structure and plaza will be situated behind the Phase 2 building.

This $40.2 million project will receive $13.5 million from Multi-Family loan funds, $5 million through Tax Increment Financing (TIF), $1.5 million in Low-Income Housing Tax Credits, and $240,000 in donation tax credits from the city. Private investments will complete the financial package.

Bowa Construction, the general contractor, can start construction now that building permits have been issued and ground has broken. Phase 1 is expected to be completed by 2024.