The Chicago City Council has approved a $1.25 billion borrowing plan over five years. This is a win for Mayor Brandon Johnsons plan, aiming to increase affordable housing and good-paying jobs without raising property taxes.
New details have been revealed for the mixed-use development at 6750 N Northwest Highway in Edison Park. Sitting just north of the intersection with N Oshkosh Avenue, the two-structure proposal will replace the former M.J. Surety Funeral Home and its parking lot. The project is being led by developer Valdir Barion.
The Chicago City Council has approved the mixed-use development at 455 N Carpenter Street in West Town. Sitting just north of the West Loop along Grand Avenue, the proposal would replace a pair of existing buildings. Local-developer Range Group is leading the project with HPA working on its design.
The Chicago City Council has sanctioned a $25 million bond for The Ave, a multi-family housing project. The Ave, which won the Chicago Ave Invest South/West RFP site in late 2021, will be situated at 3601 W. Chicago, replacing the existing Neighborhood Housing Services office and a city-owned commercial building. The project, led by KMW Communities, POAH, and CEC, will be a four-story structure housing 52 affordable apartments, a Neighborhood Housing Services space, an innovation center, 16,000 square feet of retail space, and a ground-floor parking area for 32 vehicles.
The Chicago Plan Commission has approved the office to residential conversion of 1040 W Huron Street in River West. Sitting near the six-corner intersection at the heart of the neighborhood, details for the project were revealed earlier this year. The proposal is being led by the building’s current owner and local developer Tandem Construction.
