The Community Development Commission approves Tax Increment Financing (TIF) for a residential development at 414 N Central Park Avenue in East Garfield Park. TIF is a publicly financed subsidy for local developments and is being applied for by developer Conservatory Apartments LLC. Designed by HED Architects, the project will replace a vacated parking lot for the former Laura Ward Elementary School which shuttered in 2013.
A full construction permit has been approved for Lincoln Park‘s 2650 N Racine Avenue, where the filing owner 2650 N Racine LLC has planned a three-story residential building with three total units. The structure will come with a rooftop deck with a stair enclosure and trellis, a basement level, front balconies on the second and third floors, and a rear staircase. Plans also call for a detached three-car garage with a rooftop deck.
A construction permit has been approved for the site of 5523 S Indiana Avenue in the Washington Park neighborhood, where owner BGI LLC has planned a four-story, three-unit residential building. The new structure is set to include a rooftop deck and stair enclosure, as well as a front deck, a rear full-height porch, and a detached three-car garage with a rooftop deck.
Invest South/West has revealed the development schemes for its South Shore RFP site located at 2908 E 79th Street in South Shore. The two part 1.7-acre site includes vintage, low-rise buildings along with vacant land and direct access to the Metra Cheltenham station on the Electric Main Line.
A caisson permit has been issued for a new 10-story mid-rise, known as 43Green, located at 4308 S Calumet Avenue in Bronzeville. This mixed-use development, co-planned by The Habitat Company and P3 Markets, will offer 5,000 square feet of commercial space, along with 99 apartments on the above floors. Of these units, 50 will be designated as the affordable, while the remaining residences will be market rate. Layouts range from studios up through two-bedrooms.