1Fifteen at Michigan Station, a $48.3 million mixed-use housing development, is set to transform a key corner in Chicago’s Roseland neighborhood, the city announced. Led by Chicago Neighborhood Initiatives, the project was selected as the winning proposal from a City of Chicago request for qualifications (RFQ) for the vacant site at the southwest corner of Michigan Avenue and 115th Street.
The four-story, 97,000-square-foot complex will include 58 affordable housing units and 23,000 square feet of ground-floor commercial space. Residential units will serve a range of income levels — from 30% to 80% of the area median income. Planned commercial tenants include a grocery store, a small– business market hall and a restaurant.
“My administration sees housing as the foundation for safe, affordable and thriving communities,” Mayor Brandon Johnson said in a press release. “We are proud to select this mixed-use housing project in a community area that needs further investment.”
The project is being co-developed by Far South Community Development Corp. and Hope Center Foundation, with design work by Gensler and Beehyyve. It will occupy two acres of city-owned land near the site of the future Michigan Avenue Red Line Extension (RLE) station.
“The size and scope of the project is a direct response to the community’s goals,” Ciere Boatright, commissioner of the Department of Planning and Development, said in a press release. “We’re thrilled to advance a vision that’s been a generation in the making.”
The development may receive city assistance through Tax Increment Financing, bond proceeds, Low-Income Housing Tax Credits and a land write-down. Construction could begin in 2027, should a redevelopment agreement and zoning proposal be presented to City Council later this year.
Once the site of the Roseland Plaza shopping mall, the land was acquired by the city following its demolition in 2005. The RFQ, issued in December 2022, aimed to encourage transit-oriented development along the RLE route and revitalize the area’s commercial corridor after decades of disinvestment.
Parking plans for the new complex are still under review, as there is a proposed nearby CTA parking facility.