Chicago Mayor Brandon Johnson’s announced of the “Cut the Tape” report, unveiling plans to streamline construction and affordable housing development approval processes. The initiative aims to foster economic growth and address housing needs by accelerating residential and commercial projects.
On Wednesday, April 3rd, Mayor Brandon Johnson announced the selection of four developments for the LaSalle Street Reimagined initiative. These projects aim to rejuvenate the area by brining residents into the corridor after pandemic vacancies, utilizing $151.2 million in tax-increment financing funds. The office-to-residential developments will repurpose underused office buildings and adding over 1,000 new residential units, including at least 319 affordable units. Pending approval by the City Council, completion is slated for 2027 as reported by WTTW News.
In this edition of ‘Lost Legends,’ we look at what is often considered the worlds first skyscraper, the Home Insurance Building. The groundbreaking building stood 10 stories at a height of 138 feet tall at the time of its initial completion in 1885. In 1891 two floors were added bringing the building to the height of 180 feet.
JPMorgan Chase has announced plans to renovate its 60-story Chicago headquarters in The Loop. Located at 10 S Dearborn Street, the 850-foot office tower will undergo a complete renovation from its plaza level to all of its floors. There will also be an added fitness center along with other amenity spaces.
The Chicago City Council has approved the rezoning for mixed-use redevelopment of 167 N Racine Avenue in the West Loop. Sitting mid-block between W Randolph Street and W Lake Street, the project will add two floors to the existing structures with added residential. The proposal is being led by Marduk Management with SPACE Architects + Planners working on the design.
