Chicago City Council has granted $9 million in TIF funcding for Ogden Washtenaw A2, a segment of the Ogden Commons development located at 1312 S. Talman. This joint venture involves The Habitat Company, Lawndale Real Estate, and Sinai Health System. The development will comprise a 4-story building housing 75 mixed-income units, ranging from studios to three-bedroom apartments.
Mayor Brandon Johnson introduced a revised $1.25 billion plan on Thursday, aimed at bolstering affordable housing and economic development in Chicago. Notable for its departure from reliance on TIF districts, the proposal allocates $250 million…
Riverside investment and development and AmTrust RE have been selected to be reviewed as developers for the renovation of 135 S LaSalle Street. These developers are partnering in an office-to-residential project as part of the expansive LaSalle St Reimagined initiative.
Due to high application numbers, Aurora’s new affordable housing development, 1449 Senior Estates, closed applications. Despite initially planning a 30-day application period, the city received an overwhelming response, forcing them to close applications after just three days as reported by ABC Chicago.
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.
