Parkview Tower Apartments

Location:

5110 S King Dr. Chicago, IL

Community:

Parkview Tower offers one, two, and three bedroom apartment homes for low income families in the Washington Park area of Chicago. The property was fully renovated after acquisition, including securing a new operating subsidy to ensure the property is both economically sound and accessible to low-income families. It provides views of the surrounding area, including Lake Michigan, and is next to Washington Park. It is also near the Green Line of the Chicago Transit Authority.

Community Served:

102 Family Apartments Section 8 apartments

Total project cost:

$14,144,712 CFIC Mortgage / HUD Restructuring Mortgage / HUD Contingent Repayment Mortgage / HUD Flex Subsidy Mortgage / HUD Residual Receipts Mortgage

Developer/Role:

Ginosko Development Company (2010-2011) Acquisition | Financing | Construction Oversight | Asset Management | Resident Engagement | Development Team Formation and Administration

Owner Entity:

Harvin-PV, LLC

Development Team:

Ginosko Development Company | KMG Prestige, Inc. | Hooker DeJong Architects | Walsh Construction | Loomis