Articles by Ian Achong

Initial Plans Revealed For ComEd Redevelopment Of 333 S LaSalle Street In The Loop

7:30 am on January 5, 2022 By Ian Achong

ComEd has announced plans to redevelop the existing trading building at 333 S LaSalle Street in The Loop. Located on the corner with W Van Buren Street, the low-rise building is adjacent to the Board of Trade tower and for many years held the last open-outcry trading pits in Chicago. The purchase, which was finalized in November, marks the end of a long history for in-person trading that helped power the local economy, which now relies on virtual operations.

Bill Introduced Would Create Bronzeville National Heritage Area

7:45 am on January 4, 2022 By Ian Achong

A bill in 2021 was introduced to create a new national heritage area in Bronzeville dedicated to its significance in the nation’s culture. The two bills H.R. 670 and S.511 are now being reviewed by a subcommittee on National Parks before being voted on by the House and senate respectively. The bills would create the Bronzeville-Black Metropolis National Heritage Area, becoming one of three in the state and are backed by US Representative Bobby Rush, who recently announced won’t be seeking a 16th term, and Senator Dick Durbin.

City Council Approves New Tax Incentives For Commercial Developments

7:45 am on January 3, 2022 By Ian Achong

The Chicago City Council has approved tax incentives for four redevelopment projects across the city including Uptown, Humboldt Park, Chatham, and New City. All but one of the developments are new with the other being an extension of an existing credit, the incentive is as follows; commercial developments will be taxed at 10 percent for the first 10 years, 15 percent for the 11th year, and 20 percent for the 12th year before rising to the standard 25 percent thereafter. The two classes in this round of approvals are 6(b) due to new construction and 7(a) for redevelopment under $2 million.

Updated Details Revealed For SRO Project At 3150 N Racine Avenue In Lakeview

7:30 am on January 2, 2022 By Ian Achong

Updated details have been revealed for a new residential expansion to an existing building at 3150 N Racine Avenue in Lakeview. Located on the southwest corner with W Belmont Avenue, the existing building is owned and operated by Mercy Housing as supportive apartments. Developer Belray Limited has tapped local designer Landon Bone Baker for the expansion to the affordable housing project that will replace the adjoining parking lot with added units.

Plans Unveiled For New Mega-Development In Woodlawn

7:45 am on January 1, 2022 By Ian Achong

To ring in the new year, plans for a new mega-development have been revealed for the parking lots surrounding the Apostolic Church of God in Woodlawn. Dubbed ‘Woodlawn Central’ the project would redevelop eight parcels of vacant land and parking lots into 1.25 million square feet of mixed-use space focused on benefiting the area. The large team includes the church, The University of Chicago, the Preservation of Affordable Housing, Citibank, AECOM as well as SOM and Gensler on the design side.

New Details Revealed For Affordable Development At 1134 S Wood Street

7:30 am on December 31, 2021 By Ian Achong

New details have been revealed for a new mixed-use development at 1134 S Wood Street in the Illinois Medical District. Located adjacent to an existing two-story medical facility run by the project’s developer The Chicago Lighthouse, the new structure would replace the existing corner parking lot and expand the services offered on-site with new residences. Chicago Lighthouse is partnering with Brinshore Development on the project with Landon Bone Baker Architects as the designers.

One Chicago East Tower Races Towards Completion At Second Place In Countdown

7:45 am on December 30, 2021 By Ian Achong

Claiming the second place in the Chicago YIMBY 2021 countdown is the east tower of One Chicago, which tops out at 971 feet tall in River North. Part of One Chicago’s two-building complex is the west tower which claimed the sixth place in the countdown, the structures replaced a parking lot that once belonged to the Holy Name Cathedral across the street. Developer JDL teamed up with Hartshorne Plunkard Architecture and Goettsch Partners on the Art Deco-inspired skyscraper which also claims the eighth tallest spot in the skyline per CTBUH.

City Announces Winners Of We Rise Together Grant

7:30 am on December 29, 2021 By Ian Achong

The seven winners of the We Rise Together grant have been announced across the south and west sides in predominantly Black and Latino communities. The $6.7 million grant is the result of a program from the Chicago Community Trust that began in 2020 as the pandemic disproportionately affected communities of color and is aimed at assisting the areas recover. Learning from the recession, the winners range from small businesses to new construction representing the resilience of all Chicago’s neighborhoods.

Work Resumes On 1000M , Countdown’s Fourth Tallest Development

7:45 am on December 28, 2021 By Ian Achong

Resuming into the fourth spot of the 2021 Chicago YIMBY’s year-end countdown is 1000 S Michigan Avenue otherwise known as 1000M in the South Loop. Topping out at a revised 805 feet tall, the tower is designed by prolific architect Helmut Jahn whose work includes the Thompson Center and passed away earlier this year in the suburbs. Developers Time Equities and JK Equities partnered on the skyscraper which recently secured financing to resume construction after stopping work early in the pandemic.

Plan Commission Approves Rezoning Of Office Development At 1690 N Elston Avenue in West Town

7:30 am on December 27, 2021 By Ian Achong

The Chicago Plan Commission has approved the renovation and expansion of an office building at 1690 N Elston Avenue in West Town. Located on the corner with W Wabansia Avenue, developer Litton Adventures LLC is hoping to bank on the success of nearby Lincoln Yards as the once industrial area continues to grow. The two-phased expansion is designed by Filoramo Talsma Architecture who also worked on the nearby 1525 N Elston Offices and replaces a vacant lot that once held a one story annex to the existing structure.

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Articles by Ian Achong

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