City’s Affordable Requirements Ordinance Gets Mixed Reviews

August 5, 2019

Affordable housing is high on the list of concerns facing the new city of Chicago administration, so it’s a topic real estate media are following closely. Recently, Bisnow Chicago reached out to Taylor Johnson for sources on the city’s Affordable Requirements Ordinance (ARO), and we were able to connect the reporter with a couple of TJ clients, including David Goldman, co-CEO of Belgravia Group, and Susan Tjarksen, managing director at Cushman & Wakefield. Read more here on the performance of the controversial ARO, including how some developments, like TJ client Related Midwest‘s redevelopment of Lathrop Homes, are successfully addressing affordability.

Belgravia Group’s Triangle Square, the new East Bucktown condominium building set to break ground in the fall, was required to meet the city’s affordability requirements.


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