John Cramer, MHA Midwest Senior Associate, accepts the 2016 Wintrust Partners in Innovation Award from Theresa Handley, Board Member of Mercy Housing Lakefront and a Vice President for Wintrust Financial Corporation, during the Mercy Housing Lakefront Moving Forward Together program | Photo credit: Eileen Molony
MHA Midwest was part of a project team honored on September 28th, 2016 at Mercy Housing Lakefront’s Moving Forward Together dinner for our work on The Lofts on Arthington in Chicago. MHA Midwest along with our fellow project partners accepted the 2016 Wintrust Partners in Innovation Award, given by Wintrust Ventures to community leaders and organizations that are catalysts for change.
Since 2011, MHA Midwest served as historic tax credit consultant for Mercy Housing Lakefront on The Lofts on Arthington, a $60 million conversion of the former Sears, Roebuck and Company Merchandise Development and Laboratory (MDL) Building to affordable rental housing.
The MDL Building is one of four original main buildings of the Sears, Roebuck and Company Mail Order Plant, a sprawling administrative and distribution complex located in Chicago’s Homan Square community and listed in the National Register of Historic Places in 1978. Completed in 1916, the MDL Building originally served as the printing center for all of Sears’ catalogs and publications and later housed the company’s merchandise development operations and product testing laboratories. After Sears left the site in 1973, the MDL Building was only marginally used and fell into disrepair after over twenty years of vacancy.
Scheduled for completion in 2017, The Lofts on Arthington will house onsite educational services and 181 one- to four-bedroom affordable housing units for 600 residents, including 350 children.
The Lofts on Arthington is MHA Midwest’s third major rehabilitation project at the former Sears complex – the Sears Power House was completed in 2009 and Nichols Tower in 2015 – and will help continue the exciting revitalization of Chicago’s Homan Square community.
The recipients of the 2016 Wintrust Partners in Innovation Award for The Lofts on Arthington included:
- Applegate & Thorne-Thompson PC
- Chicago Department of Planning and Development
- Chicago Housing Authority
- Chicago Realty Company
- Citi Community Capital
- DENCO Construction LLC
- Environmental Solutions, Inc.
- Federal Home Loan Bank
- First Eagle Bank
- James McHugh Construction Company
- MacRostie Historic Advisors LLC
- Nationwide Insurance
- RBC Capital Markets
- Alderman Michael Scott Jr.
- Solomon Cordwell Buenz
| Photo credit: Eileen Molony
MHA is proud of our role in this important historic rehabilitation. Congratulations to all of our project partners on the 2016 Wintrust Partners in Innovation Award and to Mercy Housing Lakefront on this outstanding affordable housing development.