Funding has been partially raised for the upcoming Illinois Quantum and Microelectronics Park on the South Side. Announced just over a year ago, the massive park will be anchored by California-based PsiQuantum. The company has now raised $1 billion to help kick off construction of its Chicago facility, which is being developed by Related Midwest and CRG.
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A permit has been issued by the City of Chicago to construct a new daycare facility at 2824 North Elston Avenue in Avondale. Children’s Land, which operates 11 suburban locations and one in Chicago, filed to build in January of this year, with the permit coming through on September 9. It includes a reported cost of $1.9 million.
The Community Development Commission has approved funding for the affordable housing development at 5853 North Broadway in Edgewater. Located near the intersection with West Thorndale Avenue, the project has been in the works for several years and will replace a one-story building and its parking lot.
The transformation of the Thompson Center into the new Google HQ in The Loop continues, as the new glass skin continues to wrap around the building’s skeleton. As is well known by now, the Prime Group is renovating the former state office building, with a deal in place to sell it to Google upon completion. Google plans to move employees in next year.
Three new dwelling units have been permitted for construction by the City of Chicago at 623 North Hamlin Avenue in Humboldt Park. The permit came through on August 25 with a reported cost of $350,000. Its application is dated June 16, 2025.
