A groundbreaking has been held for the United Yards development along 47th Street in Back of the Yards. With its center located on the intersection with S Ashland Avenue the multi-building proposal won its Invest South/West bid back in 2021, now construction has been split into phases with the first two underway. Developers Celadon Partners and Blackwood Group worked with local architecture firm DesignBridge on the adaptive reuse and new construction proposal.
The Loop’s LaSalle Street is set to undergo a significant transformation, with the city announcing three winning proposals as part of the LaSalle Reimagined initiative. These mixed-use makeovers will receive $188 million in tax-increment financing (TIF) dollars and will add 1,059 apartments to the financial district, with 317 of them being affordable.
Mayor Lori Lightfoot has announced the winner of the recent East Garfield Park Request For Qualifications (RFQ). The multi-site proposal is centered around the intersection of W Lake Street and N Kedzie Avenue, with this first phase replacing a 50-year-old vacant lot located at 132 N Kedzie Avenue. The city selected Hub 32 as the winning proposal led by the Michaels Organization, KMW Communities, and TruDelta Real Estate.
The Chicago Plan Commission has approved the mixed-use development at 1549 N Fremont Street in the Near North Side. Located just south of the intersection with W North Avenue, the currently vacant lot is surrounded by the multi-story Toyota dealership on its two non-street facing sides. Pitched by the previous developer as an Aloft Hotel, the new team from City Pads Chicago is working with local firm NORR Architects on the low-rise building for the 145- by 184-foot site.
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.