Change in Regulation Paves Way for $81M Hospital-to-Senior Living Redevelopment (Chicago Housing Authority)

Date Published: 
February 5th, 2020

From Senior Housing News:

An adaptive reuse project that will transform a vacant Chicago hospital into a mix of affordable senior apartments and assisted living is underway.

Developer Evergreen Real Estate Group broke ground on the community, Ravenswood Senior Living, on January 23. The $81 million project will convert the 10-story former Ravenswood Hospital into 74 one-bedroom independent living apartments on the top six floors for Chicago Housing Authority (CHA) residents. On the first four floors, 119 units are set aside for participants in the Illinois Supportive Living Program, an alternative to nursing home care that is administered by the Illinois Department of Healthcare and Family Services.

Read Senior Housing News' article "Change in Regulation Paves Way for $81M Hospital-to-Senior Living Redevelopment," featuring the Chicago Housing Authority.

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