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.
Work has officially been completed at the historic Victor F. Lawson House at 30 W Chicago Avenue in the Near North Side. Located on the northeast corner with N Dearborn Street across the street from the massive One Chicago development, the renovation took the 10th place in our 2023 year-end countdown. The work was led by developer Holsten Real Estate with local design firm Farr Associates.
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.
Partial funding has been announced for the residential development at 5853 N Broadway in Edgewater. Sitting near the intersection with W Thorndale Avenue and adjacent to the Broadway Armory Community Center, the building will replace a one-story building and its parking lot. The project is being led by Bickerdike Redevelopment Corporation with LBBA Architects working on its design.
