The Community Development Commission has approved $2 million in Tax Increment Financing (TIF) money for the Oakwood Shores Phase 3 development in Bronzeville. Located on two parcels, the project is the third installment of the overall plan to replace the CHA Madden/Wells housing development. The first plot is at 616 E Pershing Road, with the second parcel located at 552 E 38th Street. Both sites are currently vacant parcels. The Community Builders is the developer behind the project.
Construction permits have been issued for a new three-story residential building at 4101 S Prairie Avenue in Bronzeville. Filed under the owner James Nahon, the three-dwelling project will also feature a detached garage and replace a portion of a large grass plot. The other half of this parcel will be occupied by a similar-scale development with the address 4105 S Prairie Avenue. However, permits for this second building have not yet been issued.
Construction permits were issued this week for a new three-story residential building slated for 4035 S Calumet Avenue in Bronzeville. Owned by Pamela McCarthy, the new six-unit project will come with rear open decks, fencing around the property, a trash enclosure, and six spaces on a concrete parking slab. Prior to development, the parcel was occupied by a vacant grass lot.
The Community Development Commission has approved $6 million in Tax Increment Financing (TIF) money for the development of Park Boulevard Phase 3B located at 3603 S Federal Street in Bronzeville. Part of the larger Park Boulevard community, the project is the next step in redeveloping the site of the former Chicago Housing Authority (CHA) Stateway Gardens housing projects. The overall property is bound by W 35th Street to the north, S State Street to the east, W 39th Street to the south, and the Metra tracks to the west. This portion of the plan is oriented along S Federal Street anchoring the stretch between W 35th Street and W 37th Street at each end. Stateway Associates LLC is the developer behind the project.
The Community Development Commission has approved $5 million in TIF money for 43Green, a mixed-use development located at 4308 S Calumet Avenue in Bronzeville. Located at the intersection of E 43rd Street and S Calumet Avenue, the project site is a vacant lot adjacent to the CTA Green Line tracks. The development is a result of the collaboration between The Habitat Company and P3 Markets.