A new affordable residential development at 4531 W Washington Boulevard in West Garfield Park is closer to construction with the approval of a land sale and $10 million in tax increment financing. The four-story project is a collaborative initiative between CARE Manor and National Equity Fund , aiming to redevelop seven plots. Of these, five are owned by the developer and two by the city.
The National Parks service has opened The Pullman National Monument, Chicago’s first National Monument at 11001 S Cottage Grove Avenue in Pullman. Opening ceremonies for the complex took place over Labor Day weekend, a holiday which traces its origins back to the workers that made the Pullman Company into a passenger rail juggernaut with its iconic sleeper cars. The new monument is expected to attract over 300,000 yearly visitors and bring a major economic impact to the growing neighborhood.
Foundation permits were issued this past Wednesday for a new two-story community center at 1841 N Laramie Avenue in North Austin. The currently vacant site was sold for $2 million by the city, which was approved by City Council in September of last year.
Structural work is now at the second floor for Schiller Place Apartments, a three-building residential development at 711-749 W Schiller Street in Near North Side. Prior to construction, the narrow site was occupied by a vacant grass lot.
Foundation work is advancing swiftly for three residential buildings at 711-749 W Schiller Street in Near North Side. Co-planned by Evergreen Real Estate Group and Structured Development, each of the four-story buildings will house a total of 16 units. Amongst the 48 total residences, eight will be affordable while the remaining will be market-rate.
