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A Texas developer plans to build nearly 500 homes on the site of the former Cabrini-Green housing complex, another big step in the city’s long-running push to redevelop the Near North Side property.

The Chicago Housing Authority said its Board of Commissions has picked a team led by El Paso-based Hunt Development Group to develop 480 units of mixed-income housing on a 6.9-acre site at Larrabee Street and Clybourn Avenue. The project will include a 21-story tower, 32,900-square feet of retail space and several connected mid-rise buildings and low-rise townhomes, according to the CHA.

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