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 first approval has been granted for the 18th & Peoria framework plan in Pilsen by the Chicago Plan Commission. Previously announced in March of this year, the 6.3-arce site has belonged to the city since 2022 after some failed attempts to be redeveloped. Now the city and the Chicago Department of Housing (DOH) are leading the masterplan efforts designed by AECOM with local firms UrbanWorks and Koo Architecture.
Formal details have been revealed for the new framework plan of the large lot at W 18th Street and S Peoria Street in Pilsen. The 6.3-acre plot is one of the largest left in the neighborhood and has been owned by the city since mid-2022, when it bought it for $12 million from its previous owner PMG Investments LLC. Now the city itself with the Chicago Department of Housing (DOH) is proposing a plan led by AECOM along with local firms UrbanWorks and Koo Architecture, as part of a $1 billion being spent on affordable housing.
Updated details have been revealed for the mixed-use development at 4500-4556 S State Street in Grand Boulevard. Located between W 45th Street and W 46th Street, the multi-phase project will replace a vacant lot just north of the Colman School CPS offices and on the former site of the Robert Taylor Homes. Being developed by the Chicago Department of Housing (DOH) itself, the proposal has gone through a handful of revisions prior to their zoning application for the Brook Architecture-designed buildings.
Finalists have been announced for the city’s LaSalle Street Reimagined initiative in The Loop. Covering roughly six blocks of LaSalle Street bound by W Van Buren Street to the south, N Wells Street to the west, N Clark Street to the east, and W Washington Street to the north, the initiative looks to solve the area’s high vacancy issue caused by aging structures while addressing affordability. Thus the Department of Planning and Development along with the Department of Housing created the Request For Proposal (RFP).
