On November 18th the Department of Planning and Development announced a recent City Council decision to award funding to neighborhood grocer Yellow Banana LLC. Yellow Banana will be using the funding to aid in acquiring and rehabilitating a total of six supermarkets on the west and south sides of the city. The grocery stores are all Save A Lot supermarkets and have been acquired via $13.5 million in Tax Increment Financing (TIF).
Chicago City Council
The Chicago City Council has approved initial funding for the adaptive reuse of the Armour Institute building at 3300 S Federal Street in Bronzeville. Located on the western end of the Illinois Institute of Technology (IIT) campus, it is commonly known as the main building, or main, by students and used to be the heart of the college in its earlier days as the Armour Institute. The renovation efforts are being co-led by MCM Company and Washington Park Development Group with local architecture firm Pappageorge Haymes working on its design.
It was announced on Monday via press release that Mayor Lori Lightfoot’s $16.4 billion 2023 fiscal year budget was passed by Chicago City Council. The budget was passed with 32 in favor and 18 opposed.
The Chicago City Council has approved the mixed-use development at 301 S Green Street in the West Loop. Located south of W Randolph Street, the proposal will bring new rental units to an area of the neighborhood that has seen less construction than its northern counterpart, while also adding some height away from the Eisenhower Expressway cluster of towers. Developers GSP Development and Golub & Company are working together with local firm Goettsch Partners on the new building.
The Chicago City Council has approved a new mixed-use medical facility at 4800 S Cottage Grove Avenue in Grand Boulevard. Located on the corner with E 48th Street, the new structure replaces a vacant lot and brings a much needed service to an area which has suffered from years of disinvestment in public health. The project is being developed by Northwestern Medicine with local firms Lamar Johnson Collaborative and Brook Architecture working on its design.