Full construction permits have now been issued for 5200 W Chicago Avenue in Austin. The Oak Park Regional Housing Center and Heartland Housing Alliance have partnered to renovate and redevelop the historic Laramie State Bank building and an adjacent parking lot to the west.
5200 W Chicago Avenue
Construction has broken ground for 5200 W Chicago Avenue in Austin. The Oak Park Regional Housing Center and Heartland Housing Alliance have partnered to breathe new life into the historic Laramie State Bank building. The building is part of a larger initiative known as INVEST South/West. The new measures hope to focus the resources of multiple city departments, as well as outside community organizations and corporate/philanthropic partners, toward 12 commercial corridors within 10 different south and west side neighborhoods.
The Chicago City Council has approved the redevelopment project at 5200 W Chicago Avenue in Austin. As previously reported by YIMBY, the Heartland Housing Alliance and Oak Park Regional Housing Center have planned an ambitious mixed-use project at the site. With the final hurdle completed, Valerio Dewalt Train Associates, who are heading the residential build of the development, can take steps toward construction including filing the necessary permitting.
Several key approvals have passed for 5200 W Chicago Avenue in Austin, where Heartland Housing Alliance and Oak Park Regional Housing Center have planned a major mixed-use redevelopment around the former Laramie State Bank. The Community Development Commission has approved the sale of 5206 W Chicago Avenue, while the Chicago Plan Commission has approved both the rezoning for the project and its Planned Development application. The scope of the plans have received both city and community support, having won the Austin Invest South/West RPF competition to imagine new projects for Chicago’s west and south sides.
Stabilization work has been ordered on the Laramie State Bank Building located at 5200 W Chicago Avenue in Austin. As a part of one of the Invest South/West sites, the bank will see a new life as an incubator, cafe, and blues music museum as work progresses over the coming years. Sitting on the northwest corner of the intersection with N Laramie Avenue, the bank has been vacant for nearly a decade and is in dire need of work to assure its long-term feasibility.