43 Green, a development project from local firm P3 Markets and Habitat, will include both market-rate and affordable apartment units and over 5,500 square feet of retail space.
For three years, P3 Markets has been hard at work on 43 Green, a mixed-use apartment and retail project located in the historic Bronzeville community near the 43rd Green Line stop. In tandem with project partner, The Habitat Company and strict criteria for selection, African American-led BOWA Construction and McHugh are named as joint venture general contractors for the project.
“It is important that we select partners for the 43 Green project that understand the spirit of the community,” said Phillip Beckham III, Principal at P3 Markets. “We were interested in firms with high integrity and that also have a strong connection with the Bronzeville demographic. BOWA Construction and McHugh do just that, and we are proud to partner with them.”
BOWA Construction and McHugh will be utilized for the first phase of the multi-phase project that will break ground next year. This newly formed partnership brings the project one step closer to realization and will lead to a huge economic impact for the Bronzeville neighborhood. The first phase of the project will offer over 5,500 square feet of street-level retail space. Both market-rate and income-restricted affordable residential units will also be available.
“Anytime that we have the opportunity to work on a project that will directly push economic growth in our community we are onboard. This is a part of BOWA’s mission,” said Nosa Ehimwenman, President and CEO of BOWA Construction. “This project will create construction jobs for community members and housing. Our team is looking forward to building in Bronzeville and honored to partner with P3 Markets and Habitat on this exciting endeavor.”
P3 Markets and Habitat hope to continue bringing on partners to the 43 Green project that will benefit the community and the project. The goal from day one has been to bring amenities and opportunities to the Bronzeville neighborhood that benefit its current residents. Later phases for 43 Green will include two additional buildings with residential capacity and parking areas.
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