Developers of the former Sholom Home property are seeking up to $18 million in tax-exempt bonds from the city’s Housing and Redevelopment Authority. If successful, the money would provide about half the funding necessary to convert the abandoned nursing home into an assisted-living facility tentatively named Como Park Senior Living.
District 10’s Land Use Committee voted unanimously Jan. 30 to recommend that the full Como Community Council support the request. The council planned to consider the recommendation at its Feb. 21 meeting. The developers say they intend to gut the four buildings at 1554 Midway Parkway. The former nursing home, which has been vacant since 2009, instead would be converted into roughly 140 one-bedroom assisted-living suites and 25 studio units for memory care.
Stephanie Hawkinson, of the Landon Group, said that of the 168 total units, 45 would be market-rate apartments renting for about $2,700 a month. The remaining units would qualify as affordable housing for seniors, she said, with subsidized rents ranging from $751-$891 a month.
Dave Carr, of Graham Construction, said that if the bonds are approved, construction could begin this May and the first residents could move in fall 2018. Asbestos remediation was scheduled to start in February. For updated information, see the District 10 website: www.district10comopark.org.