Full Building Permit Issued for Mixed-Income Development in Chicago

The $52.9 million project at 955 N. Larrabee will include 78 rental units with affordable and market-rate options.

Mar. 24, 2026 at 2:00pm

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A full building permit has been issued for a mixed-income residential development at 955 N. Larrabee in Chicago. Planned by Brinshore Development and The Michaels Organization, the seven-story building will include 78 rental units with a mix of public housing, affordable, workforce, and market-rate options. The $52.9 million project will be funded through a variety of sources, including TIF funds, tax credit equity, and loans.

Why it matters

This development is part of Chicago's ongoing efforts to increase the supply of affordable and mixed-income housing, particularly in neighborhoods that have historically lacked such options. The project will provide new housing opportunities for residents across a range of income levels.

The details

The 955 N. Larrabee development, designed by Pappageorge Haymes, will include 37 public housing to RAD units, 10 affordable units at 30% and 60% AMI, 7 workforce units at 79% AMI, and 24 market-rate units. Residents will have access to 39 car parking spaces, 45 bike parking spaces, and various community amenities.

  • The full building permit was issued on March 24, 2026.
  • Construction is expected to begin soon with general contractor AT Mechanical.

The players

Brinshore Development

A real estate development firm that specializes in affordable and mixed-income housing projects.

The Michaels Organization

A national real estate company that develops, builds, finances, and manages affordable and market-rate housing.

Pappageorge Haymes

An architecture firm that designed the 955 N. Larrabee development.

AT Mechanical

The general contractor that will oversee construction of the 955 N. Larrabee development.

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What’s next

With the full building permit issued, construction on the 955 N. Larrabee development is expected to begin soon and continue through completion.

The takeaway

This mixed-income housing project is an important step in Chicago's efforts to expand affordable and diverse housing options, providing new homes for residents across a range of income levels.