Switching Station Lofts

ARTSPACE PROJECTS, INC.

The Switching Station Lofts development involved historic renovation, tax-credit financing, first and second mortgages, state and county funding resources, and working with Chicago city officials. It takes extensive knowledge, a diligent work ethic and perseverance to put a project like this together. Brian’s leadership of the development team was exceptional. We attribute much of the success to his tireless efforts.
– Will Law, Chief Operations Officer, Artspace Projects, Inc.

switching-station-lofts

The Switching Station Artist Lofts lived many lives prior to becoming a vibrant home for artists and their families. Built in 1906 as a telephone switching station where switchboard operators handled local calls, it later became a grade school, and then an abandoned neighborhood eye sore in an area that became riddled with drugs and crime.

Through a partnership with the City of Chicago, and the leadership of Mayor Daley and Alderman Ed Smith, this former Bell Telephone switching station was brought back to life and started the catalyst for change on Chicago’s West Side. Today the four-story building features 24  affordable live/work units, offers a private courtyard and safe play area for children, and serves residents and the neighborhoods as a center for art and other community activities.

PROJECT HIGHLIGHTS
Location:Chicago, IL
Total Development Cost:$5.3 million
Total Area:36,522 sf
Number of Units:24 Units / Affordable
Completion:September 2003
Financing:Low Income Tax Credits, Historic Tax Credits, Federal Home Loan Bank, IHDA and Philanthropic Support