Plans have been approved for the first phase of Thrive Exchange at 7901 S Exchange Avenue in South Shore. Sitting right on the intersection with E 79th Street, the project will replace a pair of existing buildings next to the Cheltenham/79th Street Metra station. The proposal was approved by the Chicago Plan Commission, led by developer DL3 Realty and designed by local-firms KOO Architects and Site Design Group.
A groundbreaking has been held for a major new mixed-use development at 121 W Michigan Boulevard in Michigan City, Indiana. One of the furthest cities within the greater Chicagoland Metropolitan Area, the 32,000 person city is hoping to revitalize its downtown with its connection to Chicago. Led by YAB Development, who also helped develop Google and McDonald’s in Fulton Market, the project is being designed by Chicago’s Koo Architects.
The first approval has been granted for the 18th & Peoria framework plan in Pilsen by the Chicago Plan Commission. Previously announced in March of this year, the 6.3-arce site has belonged to the city since 2022 after some failed attempts to be redeveloped. Now the city and the Chicago Department of Housing (DOH) are leading the masterplan efforts designed by AECOM with local firms UrbanWorks and Koo Architecture.
Formal details have been revealed for the new framework plan of the large lot at W 18th Street and S Peoria Street in Pilsen. The 6.3-acre plot is one of the largest left in the neighborhood and has been owned by the city since mid-2022, when it bought it for $12 million from its previous owner PMG Investments LLC. Now the city itself with the Chicago Department of Housing (DOH) is proposing a plan led by AECOM along with local firms UrbanWorks and Koo Architecture, as part of a $1 billion being spent on affordable housing.
Funding has been partially approved for part of the mixed-use development centered at 2935 E 79th Street in South Shore. Located on the corner with S Exchange Avenue in front of the Cheltenham/79th Street Metra station, the multi-lot project will redevelop a pair of existing buildings and create new opportunities for home ownership. Dubbed ‘Thrive Exchange’, developer DL3 Realty is working with KOO Architects and Site Design Group on the design of the proposal which won a 2021 Invest South/West RFP.
