Tax incentives have been fully approved for the upcoming redevelopment of the Hoyt Building at 465 W Cermak Road in Chinatown. Sitting on the western edge of Chinatown along the southern branch of the Chicago River, the project has been in the works for a few years with multiple developers. Currently leading the development is Aurora-based Windfall Group, who are working with SPACE Architects + Planners on the design.
The City of Chicago has issued permits for a renovation at 235 West Alexander Street in Chinatown for the two-unit building at the address. The project, which is being led by owner Zhi Rong Liang, has a budget of $80,000.
Initial details have been revealed for the mixed-use development at 2116 S Clark Street in Chinatown. Located on the eastern edge of the neighborhood just north of the intersection with W Cermak Road, the proposal would replace an empty lot next to the railroad tracks on the west. While an architect is unknown, the project is being brought forward by Century 21 Realty Associates and HMC Realty & Management.
New tax incentives have been approved for the mixed-use redevelopment of the Hoyt Building at 465 W Cermak Road in Chinatown. Located along the south branch of the Chicago River on the corner with S Canal Street, the developer fully acquired the building late last year after first buying into it in 2007. That developer is Aurora-based Windfall Group who is working with SPACE Architects + Planners on the new community hub.
An initial approval has been granted for the redevelopment of the Hoyt Building at 465 W Cermak Road in Chinatown. Located along the south branch of the Chicago River on the corner with S Canal Street, the historic building shed its previous developer a few months ago as we covered the updated proposal revealed last January. Now Aurora-based developer Windfall Group received approval from the Permit Review Committee for the SPACE Architects + Planners designed proposal.
