Riverside investment and development and AmTrust RE have been selected to be reviewed as developers for the renovation of 135 S LaSalle Street. These developers are partnering in an office-to-residential project as part of the expansive LaSalle St Reimagined initiative.
Due to high application numbers, Aurora’s new affordable housing development, 1449 Senior Estates, closed applications. Despite initially planning a 30-day application period, the city received an overwhelming response, forcing them to close applications after just three days as reported by ABC Chicago.
Chicago Mayor Brandon Johnson’s announced of the “Cut the Tape” report, unveiling plans to streamline construction and affordable housing development approval processes. The initiative aims to foster economic growth and address housing needs by accelerating residential and commercial projects.
Executives from the White Sox and Bears are advocating for public assistance to secure funding for new stadiums. The White Sox are pursuing state funding for a new stadium in the South Loop, while the Bears are exploring financing options for a new stadium south of Soldier Field on Chicago’s lakefront.
On Wednesday, April 3rd, Mayor Brandon Johnson announced the selection of four developments for the LaSalle Street Reimagined initiative. These projects aim to rejuvenate the area by brining residents into the corridor after pandemic vacancies, utilizing $151.2 million in tax-increment financing funds. The office-to-residential developments will repurpose underused office buildings and adding over 1,000 new residential units, including at least 319 affordable units. Pending approval by the City Council, completion is slated for 2027 as reported by WTTW News.
