Yesterday, owners of the Prairie Shores apartments celebrated the groundbreaking of a new two-story resident clubhouse in Bronzeville. Spearheaded by Chicago-based firms Golub & Company and Farpoint Development alongside Goldman Sachs Urban Investment Group, the 17,510-square-foot structure will be nested between the 2901 and 2951 towers along Martin Luther King Drive. The five-tower Prairie Shores complex was purchased in 2019 and is undergoing a multi-phase renovation of its existing 1,675 residences, common spaces, and landscaping.
Construction permits have been issued for a new two-story clubhouse building, with an address of 2937 S Martin Luther King Drive in Douglas. The project will integrate with the existing five-tower Prairie Shores apartment development, originally built between 1957 and 1961 and purchased in 2019 by Golub & Company and Farpoint Development.
Construction has been completed on the renovation of 150 apartments at Prairie Shores at 2801-3001 S Martin Luther King Drive. Located on a 20-acre site in Bronzeville, the five-tower complex spans from E 28th Street to E 31st Street. Developed from 1957 to 1961, the project was purchased in 2019 by developers Golub & Company and Farpoint Development.
The Community Development Commission has approved the $96.9 million sale of the former Michael Reese Hospital site to the developers of the Bronzeville Lakefront megadevelopment in Bronzeville. Located at 2929 S Ellis Avenue, the property is bound by E 26th Street to the north, E 31st Street to the south, S Vernon Avenue to the west, and S Lake Park Avenue to the east. The developers for the site are a team called GRIT Chicago, composed of Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development, and Bronzeville Community Development Partnership.
The City of Chicago’s INVEST South/West initiative has selected the Englewood Connect vision for the Englewood RFP site. Located along W 63rd Parkway between S Halsted Street and W 63rd Street, the site spans 4.28 acres and is made up of multiple packages. Offered as Site B1/B2 and Site C, the sites are positioned as the second phase of the adjacent Englewood Square I project, which is a Whole Foods-anchored shopping center. McLaurin Development and Farpoint Development are the developers behind the RFP proposal.