By Chuck Sudo, Bisnow Chicago
Woodlawn's gradual transformation through real estate development reached another milestone yesterday with the opening of Trianon Lofts, a $12.5M multifamily project at Cottage Grove Avenue and 61st Street. They are the first new market-rate apartments built in the South Side community in over 40 years. Mayor Rahm Emanuel was on hand for the ribbon-cutting ceremony, along with Preservation of Affordable Housing President and CEO Aaron Gornstein and POAH Chicago Region Vice President Bill Eager.
The mayor said Trianon Lofts serves as proof of the city's commitment to building safer neighborhoods with more housing and better economic opportunities, and praised the efforts of POAH to revitalize the Cottage Grove Avenue corridor stretching from 59th Street to 63rd Street.