The Department of Planning and Development (DPD) has issued a Request for Proposals (RFP) for the former 3rd Ward Streets and Sanitation office at 5021 S Wabash Avenue in Grand Boulevard. Located along S Wabash Avenue, the project site is between E 50th Street and E 51st Street.
View of Structure at 5021 S Wabash Avenue. Images by DPD
The 11,800-square-foot development site holds a one-story, city-owned building that dates to the 1910s. The target sales price for the city is $90,000, based on a December 2020 appraisal. The prairie-style structure has an orange rating on the Chicago Historical Resources Survey and could be eligible for a landmark designation. Respondents of the RFP are expected to seek rehabilitation of the existing building.
Aerial View of Structure at 5021 S Wabash Avenue. Images by DPD
The City of Chicago could assist in the development through Tax Increment Financing support, Neighborhood Opportunity Fund grants, purchase-price write-downs, and other resources.
The deadline for responses is the end of June 2021. A winning project team is expected to be announced by DPD later this year. A formal review and approval process will follow, including potential hearings with the Chicago Plan Commission, the Community Development Commission and Chicago City Council.
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