Rosenwald Courts, Recipient of JCUA Community Ventures Loan, Celebrates Groundbreaking

From Left: David Roos, Landwhite Developers LLC, Peter Ascoli, grandson of Julius Rosenwald, and Judy Levey, Exec. Dir. of JCUA

From Left: David Roos, Landwhite Developers LLC, Peter Ascoli, grandson of Julius Rosenwald, and Judy Levey, Exec. Dir. of JCUA

February 18, 2015, marked the long-awaited ground breaking for the redevelopment of the historic Rosenwald Building in Chicago’s Bronzeville neighborhood. Gathered together in a small, heated tent at the site, Alderman Pat Dowell emceed the event as long-time community members, the development team and supporters celebrated this momentous occasion.

Through its Community Ventures Program, JCUA provided a zero-interest, pre-development loan of $100,000 in the early stages of the project. JCUA invested in this project at a time when others would not, in part because of a longstanding feeling of connection to the neighborhood. As Julius Rosenwald, the original developer, once was inspired to invest in supporting and creating quality affordable housing and vibrant retail, so too was JCUA when approached by the new developer, Landwhite, in 2012. To learn more about the project, visit JCUA’s earlier blog post.

Once complete, the newly renovated Rosenwald Apartments will have 239 one and two-bedroom units of senior and family affordable housing, two-acres of usable courtyard green space, as well as 40,000 square feet of retail and office space along 47th Street. This development will serve as a major catalyst for other redevelopment opportunities throughout Bronzeville and JCUA is proud to be a part of making this project possible. This once iconic, bustling hot spot in Bronzeville is finally getting the much needed attention it deserves to revive this community anchor, as it was in its glory days.

JCUA Executive Director, Judy Levey, JCUA Manager of Community Building, Sarah Gold, and Community Ventures Program Advisory Council member Ralph Brown attended the event, along with long-time JCUA supporter Peter Ascoli.

JCUA salutes the late community activist and friend Bobbie Johnson, whose tireless work to save the Rosenwald is no longer just a dream.

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