Located a block from City Hall, Karcher Artspace Lofts is a powerful example of using affordable housing to revitalize post-industrial downtowns into areas of economic growth. This redevelopment of the historic nine-story Karcher Hotel includes 36 units of affordable live/work space for creatives and their families and commercial space for arts-friendly businesses and nonprofit organizations.
Architect: 4240 Architecture
Contractor: Pepper Construction
Funders: Abdula Family Foundation; AT&T; First Bank of Highland Park; First Midwest Bank; Fred W. Losch Beverage Company; Gaylord & Dorothy Donnelly Foundation; Henry Pfau Callahan Memorial Foundation; Beth Levine; William & Suzanne Lindsay; Midwest Generation; NorStates Bank; North Shore Gas; North Shore Trust and Savings; The Richard H. Driehaus FoundationThe McArthur Fund for Arts and Culture at The Richard H. Driehaus FoundationWaukegan Park District; Waukegan Savings Bank; Dave & Sandi Whitmore. Artspace thanks the many individuals and local businesses that continue to support this project.
Financial Partners: City of Waukegan Illinois Housing Development Authority; JP Morgan Chase; IFF; Lake County; Illinois Department of Commerce and Economic Opportunity; Raymond James Tax Credit Funds, Inc.; Waukegan Park District
Live/Work Affordable Artist Housing
36
One-, Two-, and Three-Bedroom
33,386 sq. ft.
