LaSalle Street Reimagined

Two Revised Proposals To Be Considered For LaSalle Reimagined Initiative

7:45 am on May 10, 2023 By Ian Achong

The city has announced the reconsideration of two proposals for the LaSalle Reimagined initiative after altering their plans. Earlier this year three winners were announced for the program led by the Department of Planning and Development and the Department of Housing, aiming at tackling the record vacancy rates on the historical corridor while addressing the need for affordable housing. Joining 111 W Monroe Street, 135 S LaSalle Street, and 208 S LaSalle Street could be the following two revised proposals:

Three Proposals Move Forward for LaSalle Reimagined Initiative in The Loop

7:45 am on March 29, 2023 By Jack Crawford

The Loop’s LaSalle Street is set to undergo a significant transformation, with the city announcing three winning proposals as part of the LaSalle Reimagined initiative. These mixed-use makeovers will receive $188 million in tax-increment financing (TIF) dollars and will add 1,059 apartments to the financial district, with 317 of them being affordable.

Part Two: Full Details Revealed For LaSalle Street Reimagined

7:45 am on March 11, 2023 By Ian Achong

Part two of this week’s announcement of the six finalists of the LaSalle Street Reimagined initiative in The Loop. In this article we will cover the final three bids vying for part of the city’s $196 million in funding for the program pulled from the LaSalle Central TIF District, part one covering the first three can be found here.

Part One: Full Details Revealed For LaSalle Street Reimagined

7:45 am on March 7, 2023 By Ian Achong

Full details have been revealed for the six finalists of the city’s LaSalle Street Reimagined in The Loop. Announced last year the program is looking to distribute $196 million in city funds from the LaSalle Central TIF District for redevelopment projects along the street, bound by W Van Buren Street to the south and W Washington Street to the north. After receiving nine-bids for buildings who are struggling with high vacancy rates, it was narrowed down to six which were presented at a community meeting last week.

Six Finalists Announced For LaSalle Street Reimagined

7:45 am on February 21, 2023 By Ian Achong

Finalists have been announced for the city’s LaSalle Street Reimagined initiative in The Loop. Covering roughly six blocks of LaSalle Street bound by W Van Buren Street to the south, N Wells Street to the west, N Clark Street to the east, and W Washington Street to the north, the initiative looks to solve the area’s high vacancy issue caused by aging structures while addressing affordability. Thus the Department of Planning and Development along with the Department of Housing created the Request For Proposal (RFP).

Retail Program Approved For LaSalle Street In The Loop

7:30 am on January 29, 2023 By Ian Achong

Initial plans have been approved for a new program to revitalize the retail scene along LaSalle Street in The Loop. Riding the wave from the recently announced bids for the city’s LaSalle Street Reimagined initiative, the new program looks to address the vast amount of vacant retail and commercial spaces fronting the once-packed street. Introduced by Mayor Lori Lightfoot, the program will tap into local TIF’s and serve the same area bound by W Washington Street to the north and W Van Buren Street to the south.

Over 2,000 Units Proposed For LaSalle Street Reimagined In The Loop

7:30 am on January 1, 2023 By Ian Achong

To kick off the new year we will take a look at the proposals submitted for the city’s LaSalle Street Reimagined initiative in The Loop. Announced in fall 2022, the program looks to revitalize part of the once bustling financial center with rising vacancy rates as companies relocate to newer towers with modern amenities, leaving behind their historical structures. Led by the Department of Planning and Development along with the Department of Housing, applications were due on December 23rd for the area relatively bound by W Van Buren Street to the south, N Wells Street to the west, and N Clark Street to the east.

Initial Details Revealed For Residential Conversion At 79 W Monroe Street In The Loop

7:30 am on November 18, 2022 By Ian Achong

Initial details have been revealed for the partial residential conversion of 79 W Monroe Street in The Loop. Located on the southeast corner with S Clark Street across the street from the famed Chase Tower and its plaza, the vintage building is one of the first projects within that may tap into funds from the recently announced LaSalle Street Reimagined initiative. Still in its early planning phases, the project comes to us from locally-based R2 Companies, who led the efforts for the Salt Shed, and a European family advised by investment firm Foursee.

City Announces LaSalle Street Reimagined Program In The Loop

7:45 am on September 29, 2022 By Ian Achong

The City of Chicago has announced a new program which seeks to revitalize the aging LaSalle Street corridor in The Loop. Dubbed LaSalle Street Reimagined, the program launched this week with an Invitation For Proposals (IFP) by the Department of Planning and Development as well as the Department of Housing. The boundary of the area for projects will be W Washington Street to the north, W Van Buren Street to the south, N Wells street to the west, and mainly N Clark Street to the east, encompassing much of the once bustling financial district.

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LaSalle Street Reimagined

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