Chicago real estate attorneys Graham Grady and Sylvia Michas successfully led the development team for Park Station, a first-of-its-kind, mixed-use development real estate project in Chicago’s Woodlawn community. Taft represented client 63rd Maryland LLC, a joint venture of DL3 Realty and Michaels Development.
Taft obtained zoning and land use approvals from the Chicago Plan Commission on Aug. 26. Park Station is part of the Chicago’s $300 million investment in this area of the South Side of Chicago.
Forty-one of Park Station’s 56 units will be available under the Affordable Requirements Ordinance and 41 of these units comply with Woodlawn Housing Preservation Ordinance. The five-story development will also include nearly 3,500 square feet of retail, two live-work units for area entrepreneurs, a fitness center, community rooms, and a business center. Park Station is situated less than one mile from the Obama Presidential Center, and is a block away from transit.