The 8.5-acre complex, to be called New City, will feature 490 housing units spread across five buildings, with 10 percent of the total set aside for low-income housing and another 10 percent for affordable housing.

The highest of the residential buildings will have two levels of retail and 23 levels of residential units. Another will have three levels of retail and seven levels of residential, and a third will have two levels of retail and nine levels of residential. Two low-rise buildings will be built on the south side of Eastman Street.

The housing development will cost $270 million. It will include a 1-acre plaza and boulevard-like sidewalks with landscaping, according to developers Structured Development and Commonfund Realty.

The 370,000 square feet of retail space will be anchored by a previously announced Roundy's Supermarket. The 80,000-square-foot grocery store will be at 1515 N. Halsted.

A spokesman for the New City YMCA said activities there will continue through the session that ends June 16.

Construction on the New City development will start in September, with completion planned in 2010.

sguy@sunmtimes.com