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Project

Wilson Yard

Developer: Holsten Real Estate Development Corporation

Kristy Butler and Yolanda Holmes are longtime residents of Chicago’s Uptown neighborhood. Because of an exciting new development, they now have opportunities they had never thought possible. Wilson Yard, a mixeduse development in Uptown built by Holsten Real Estate Development Corporation, promises to revitalize a commercial corridor, and includes 178 affordable senior and family apartments and over 30,000 square feet of commercial space, including Target and Aldi stores. Holmes has lived in Uptown for 12 years, but in three different homes. She is one of the first residents of Wilson Yard, and as the owner of a neighborhood salon, Holmes is also excited about the new commercial developments, saying, “I believe Wilson Yard will attract a lot of new business for small business owners in the community.”

06 | CCLF Annual Report

Butler has grown up in the community, but commuted to her job at Target in Evanston each day. She has now transferred to the new store in Uptown, saying, “I can now live and work in my community.” The Wilson Yard Target has hired over 300 employees, with 80% living within a two-mile radius. Attractive and accessible retail in a community provides goods and services, jobs, stability and peace of mind for residents. CCLF made a $1 million early-stage loan for Wilson Yard, part of financing from more than 20 public and private sources. Celebrating the project’s grand opening, Alderman Helen Shiller said, “Wilson Yard will have a dramatic impact on the 46th Ward.” Chicago’s Mayor Richard Daley added, “Making key investments in our neighborhoods—developing sites for new retail stores and preserving affordable housing—makes for a more stable and secure community.”

http://cclfchicago.org/sites/default/files/sponsors/CCLF_AR1  

http://cclfchicago.org/sites/default/files/sponsors/CCLF_AR1.pdf

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