A permit was approved late last week for a new three-story residential building at 624 E Pershing Road in the Bronzeville neighborhood. The parcel address for this permit is 616 E Pershing Road and the owner is listed as Oakwood Shores LLC. This project is part of the larger phase three development that secured TIF funding last year.
616 E Pershing Road
The Community Development Commission has approved $2 million in Tax Increment Financing (TIF) money for the Oakwood Shores Phase 3 development in Bronzeville. Located on two parcels, the project is the third installment of the overall plan to replace the CHA Madden/Wells housing development. The first plot is at 616 E Pershing Road, with the second parcel located at 552 E 38th Street. Both sites are currently vacant parcels. The Community Builders is the developer behind the project.