LG Development is expanding its vision with a new proposal for two apartment towers in the Fulton Market District. The firm plans to construct a 25-story building with 287 units at 170 N May Street and a 38-story tower with 380 units at 175 N Racine Avenue. This revised proposal is an increase from their previously approved plan for a 29-story high-rise with 486 units as reported by therealdeal.com.
The Chicago City Council has approved a $1.25 billion borrowing plan over five years. This is a win for Mayor Brandon Johnsons plan, aiming to increase affordable housing and good-paying jobs without raising property taxes.
The Chicago City Council has sanctioned a $25 million bond for The Ave, a multi-family housing project. The Ave, which won the Chicago Ave Invest South/West RFP site in late 2021, will be situated at 3601 W. Chicago, replacing the existing Neighborhood Housing Services office and a city-owned commercial building. The project, led by KMW Communities, POAH, and CEC, will be a four-story structure housing 52 affordable apartments, a Neighborhood Housing Services space, an innovation center, 16,000 square feet of retail space, and a ground-floor parking area for 32 vehicles.
Mayor Brandon Johnson introduced a revised $1.25 billion plan on Thursday, aimed at bolstering affordable housing and economic development in Chicago. Notable for its departure from reliance on TIF districts, the proposal allocates $250 million…
The Chicago City Council has approved the mixed-use development at 3262 N Clark Street in Lakeview East. Located just south of the intersection with W School Street and the recently completed Panorama development, the building will replace an existing three-story structure on the site. Developer Gold Lion Ventures is working with local firm SPACE Architects + Planners who we have seen on a variety of projects recently.
