An anticipated groundbreaking date has been announced for the first phase of the Bronzeville Lakefront megadevelopment in Bronzeville. Located on the massive former Michael Reese Hospital site, the multi-phase project is the first in the nation to have a 50 percent Black development team. That team is operating under the name GRIT Chicago LLC and comprises Farpoint Development, Loop Capital, Draper & Kramer, Chicago Neighborhood Initiatives, McLaurin Development and the Bronzeville Community Development Partnership.
The Chicago Plan Commission has approved the mixed-use development at 1549 N Fremont Street in the Near North Side. Located just south of the intersection with W North Avenue, the currently vacant lot is surrounded by the multi-story Toyota dealership on its two non-street facing sides. Pitched by the previous developer as an Aloft Hotel, the new team from City Pads Chicago is working with local firm NORR Architects on the low-rise building for the 145- by 184-foot site.
Full permits have been issued for a new residential development at 5354 N Sheridan Road in Edgewater. The corner lot, located at the intersection of N Sheridan Road and W Balmoral Avenue, is currently home to the Wing Hoe Restaurant. Tempus Properties is spearheading this latest addition to the neighborhood.
The Chicago Plan Commission has approved two residential developments at 1405 and 1410 E 65th Place in Woodlawn. Located west of the intersection with S Blackstone Avenue near Mount Carmel High School, the two multi-unit buildings will sit across from each other replacing a pair of vacant lots in the process. Developer DOM Acquisitions LLC is working with a local architect who had to revise the previous plan in order for both structures to have a similar design language.
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.