The Chicago Community Development Commission has initially approved TIF funding for the redevelopment of 105 W Adams Street in The Loop. Located at the corner of South Clark Street and next to the Federal Center, the iconic structure has seen multiple redevelopment attempts over the past few years. Now, Chicago-based Primera Group is moving forward with its plans.
Full funding has been secured for the residential development known as Parkside Phase III, located at 520 W Hobbie Street in the Near North Side. Spanning nearly a full city block, bounded by N Cambridge Avenue to the west and N Cleveland Avenue to the east, the affordable housing project is being led by Holsten Real Estate in partnership with the Chicago Housing Authority.
Initial details have been revealed for the partial residential conversion of 111 W Illinois Street in River North. Located right on the corner with N La Salle Drive, the existing office building runs across the whole block and was most recently home to Salesforce. Now, a local developer, under the name 111 Illinois LLC, has applied for building permits.
Redevelopment plans have been approved for the former Inn at Lincoln Park, located at 601 W Diversey Parkway in Lincoln Park. Situated at the corner of Diversey Parkway and North Lehmann Court, the project will breathe new life into the aging structure, which has been the subject of various redevelopment proposals in recent years. This latest effort is being spearheaded by Validus Capital.
Plans have been revealed for a new residential development at 2245 W Monroe Street in the Near West Side. Located mid-block between S Oakley Boulevard and S Bell Avenue, the new structure would replace a triple–wide vacant lot near the United Center. Efforts for the project are being led by 2245 W Monroe LLC.
