Additional funding has been announced for the next phase of the Lathrop Homes redevelopment around 2712 N Hoyne Avenue. The money comes in the form of an enlarged TIF pool recently approved by the city, increasing the project’s TIF funds up to $60 million. This next phase will focus on the southern end of the former housing project.
Plans are advancing for the redevelopment of the former Washington Park National Bank at 6300 S Cottage Grove Avenue. Located on the corner with E 63rd Street in Woodlawn, plans for the redevelopment date back to 2019 and have seen various iterations throughout the time. Now the development team, DL3 Realty, has been hosting community input meetings.
Additional funding has been approved by the Chicago Community Development Commission for the next phase of the Lathrop Homes redevelopment around 2712 N Hoyne Avenue. Earlier this year we covered the project when it gained funding approval from the CHA, now an additional $25 million in TIF money is on its way towards full city approval.
The residential development at 1100 West Grand Avenue in West Town has begun construction, and it also has a new name. Aberdeen Crossing is a seven-story, 99-unit apartment building from Wildwood Investments. Designed by bKL Architecture, the project includes 1,500 square feet of retail space and parking for 28 cars. Twenty residential units will be set aside as affordable.
The Chicago City Council has approved the two-tower development at 170 N May Street and 175 N Racine Avenue in Fulton Market. The approval comes after the Plan Commission’s earlier this year, as Chicago based LG Development pivoted from previously announced plans for the site by a different architect and included land north of W Lake Street.
