"Holsten Development is recognized as a leader in affordable housing developments and completing projects with innovative financing structures. The Wilson Yard Development in the Uptown neighborhood was completed in July by Holsten Development with a new Aldi supermarket, a 180,000sf Target store, 30,000sf of retail space, and 198 units of affordable family/senior housing. The Wilson Yard Development redeveloped the former CTA facility at Wilson and Broadway and fulfilled the community desire for affordable housing and retail services."
If you go, be sure to ask this leader in affordable housing developments about how his "innovative financing structures" squeezed in
- the "brand spanking new inside and out" rehabilitation of the Wilson El station
- the movie theatres (without which the housing "couldn't be built" because the financing was "inextricably connected")
- the home ownership component originally promised to the renters
- the empty storefronts added to Broadway's retail corridor
- how $30 million in TIF financing ballooned into more than $100 million
- the 24 units of market rate housing and 50 units of artist housing that he promised in "Phases II and III"
If there's time, ask how much Holsten Development made off this project, in which very few promises were kept. A leader in his field? Guess it all depend what definition you're using.