U.S. real estate company Holsten Real Estate Development is planning to invest $61 million in a proposed 134-unit mixed-income apartment project near Old Town in Florida.
This will be a part of a wider plan for the former Cabrini-Green public housing complex, and Holsten has already constructed 592 homes in the neighborhood.
The company is pursuing a $12 million city subsidy to use in tax-increment funding to finalize the final phase of the project.
For the last phase, Holsten Real Estate plans two- and three-story rental townhomes and a seven-story apartment development.