The 920-unit Lathrop Homes, a Chicago Housing Authority (CHA) project, has been largely vacant for several years. On Tuesday, according to Chicago Real Estate Daily, the CHA voted to authorize Lathrop Community Partners, a consortium of developers, to move forward with planning for the project’s redevelopment, which may involve as many as 1,200 mixed-income housing units.
Diversey Pkwy neatly bisects the 37-acre development site, which lies at the far northwest corner of Lincoln Park and the southwest corner of North Center and is bordered on the west by the Chicago River.
The redevelopment, which is likely to be the source of ongoing controversy, should have a positive impact on nearby properties.
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