Academy Square is a 200-unit development with all units subsidized through a HUD project-based Section 8 contract. This property is located at 318 S. Throop Street, Chicago, Illinois 60607. The development was originally constructed in 1984 and offers one, two, and three-bedroom units. 100 units are age-restricted and designed as a senior living facility; these are located within one seven-story high-rise building. Common amenities include a community room, central laundry, computer lab, service coordination, courtyard, off-street parking, and on-site management. Academy Square was acquired by PPD in January 2015 for $35,000,000. Renovations were completed in November 2015.