Terrace 459: ‘Best of Development’

Terrace 459 at Parkside of Old Town has been named one of the nation’s top recent developments by Real Estate Forum magazine. The featured “placemaking” projects were largely selected based on the successful coordination and collaboration executed by each project team. View pdf announcement here.

In place of isolated towers, the new public housing approach offers more housing options and access to more services and amenities by integrating public housing into neighborhoods through mixed-income, lower density development.  A large challenge in building mixed-income housing has been working with limited government subsidies and funding programs while still addressing needs and desires of a mixed-income population. On the site of former Cabrini-Green, Terrace 459 at Parkside of Old Town was able to overcome these challenges through the work of a team long-experienced in designing and building mixed-income and affordable housing projects and by bringing residents, consultants, and the general contractor to the table at the earliest stages. The result is a project that reflects its urban condition and asks to be part a city available to everyone regardless of income.


photo credits: david schalliol

photo credit: david schalliol


project team:
holsten real estate development corp. (developer)
cabrini green local advisory council (development partner)
linn-mathes, inc (contractor)
landon bone baker architects (architects)
mckay landscape architects (landscape)
prism engineering (civil)
c.e. anderson & anderson (structural)
spancrete (precast concrete)
lehman design consultants, inc. (mep)