Pullman Artspace Lofts
To create the first new rental housing to be built in the area in decades, CNI joined with locally based-PullmanArts, Minnesota based Artspace (which develops affordable living spaces for artists) to create Pullman Artspace Lofts, with 38 affordable live/work space for artists and those who simply appreciate the arts.
Unique in every way, from its integration of two 19th century buildings into the housing to its dedication to affordable housing for artists, and others, Pullman Artspace lofts has already earned respect and rewards for historic preservation, innovation and more. However, most important, the $18 million development, has become a standard for the community as it looks towards its next hundred years.
The Pullman Artspace Lofts utilized federal Historic Rehabilitation Tax Credits and Low-Income Housing Tax Credits to add $14+ million in equity to the project’s capital budget. The project also received approvals from the City of Chicago Department of Planning & Development and the City of Chicago Committee on Zoning, Landmarks and Building Standards. The Commission on Chicago Landmarks also reviewed and approved the project.
- Project: Pullman Artspace Lofts
- Location: 11137-49 South Langley Avenue, Pullman, Chicago IL
- Results: 100% leased
- Awards: City of Chicago Landmarks Commission Preservation Award 2020; Illinois Real Estate Journal: Affordable Housing and Multifamily 2021 project awards; and a 2021 Richard H. Driehaus Foundation Preservation Award from Landmarks Illinois
- Video: Historic Pullman – Pullman Artspace Lofts – Reality Forged from Partnerships – Grand Opening May 20, 2021