Affordable Housing

LaSalle Street Office Conversion Plans Advance for Four Developments

On Wednesday, April 3rd, Mayor Brandon Johnson announced the selection of four developments for the LaSalle Street Reimagined initiative. These projects aim to rejuvenate the area by brining residents into the corridor after pandemic vacancies, utilizing $151.2 million in tax-increment financing funds. The office-to-residential developments will repurpose underused office buildings and adding over 1,000 new residential units, including at least 319 affordable units. Pending approval by the City Council, completion is slated for 2027 as reported by WTTW News.

Read More

CHA Approves Funding For Next Phase Of Lathrop Homes Redevelopment

Initial details and funding have been revealed for the second phase of the Lathrop Homes redevelopment situated around 2712 N Hoyne Avenue on the river. Located west of the triple intersection of N Damen Avenue, N Clybourn Avenue, and W Diversey Parkway, this extensive development has been in progress for several years under the Chicago Housing Authority (CHA), in collaboration with Related Midwest and Bickerdike Redevelopment Corp.

Read More

Fetching more...