The City of Chicago’s INVEST South/West initiative has selected the Evergreen Imagine Proposal for the Auburn Gresham RFP site. Located in Auburn Gresham, the lot is currently a vacant parcel addressed at 838 W 79th Street. Evergreen Real Estate Group and Imagine Group are the developers behind the proposal.
Designed by Ross Barney Architects and Nia Architects, the new project will be a mixed-use building holding 56 residential units and commercial space. Ground-floor retail space will span 2,870 square feet, with the remainder of the ground floor allocated to a parking garage for 35 cars. Made up of entirely affordable housing, the 56 residences will be one-, two-, and three-bedroom unit sizes.
The project is expected to compliment the planned “Healthy Hub” adaptive reuse project that will be implemented across the street. Residents will have access to private gardens, a playground, 4,800 square feet of amenity spaces, and public open spaces.
The $19.4 million project will be subject to a redevelopment agreement (RDA) with the City of Chicago that could include public incentives to enable their completion, such as Tax Increment Financing, land write downs, tax credits, and other public resources. Projects that incorporate privately-owned land at each site will be negotiated with the properties’ current owners. Each RDA, along with and required zoning changes, will be subject to City Council approval. Groundbreaking could occur by the end of the year, with GMA Construction Group as the general contractor.