The City of Chicago has announced the first seven winners of the first round of the Chicago Works Community Challenge across the city. In a press event at Rainbow Beach Park led by Mayor Lori Lightfoot, the winners of a combined $1.5 million grant were declared part of the larger $10 million initiative which began in 2021 and garnered roughly 500 submissions from locals across the seven target regions.
Three new winners of the city’s Invest South/West initiative have been announced by the mayor in Humboldt Park and South Shore. The three winners are located at 3601 W Chicago Avenue and 4000 W North Avenue in 2908 E 79th Street in South Shore. All together the three proposals represent a $126 million investment in the neighborhoods aimed at increasing the quality of life, adding equitable affordable housing while joining a list of seven past winners of the two-year-old program that are set to break ground soon.
The Chicago City Council has approved the Regal Mile Studios development located at 7700 S Stony Island Avenue in South Shore. The large triangular site is bound by S Stony Island Avenue to the east, E 77th Street to the north, and S Chicago Avenue to the southwest. Formerly the home of a Kmart, the almost seven-acre parcel now sits vacant. Regal Mile Ventures LLC is the developer behind the project, composed of Loop Capital and Derek Dudley, a producer of Showtime’s The Chi series.
The Chicago Plan Commission has approved a planned residential development located at 3006 E 78th Street in South Shore. Currently a vacant lot, the property is located along E 78th Street fronting the adjacent Rainbow Beach Park. Elam Industries LLC is the developer behind the project.
This week, renovation permits were issued to an existing two-story masonry building located at 7215 S Ridgeland Avenue in South Shore. The occupying owner Kim Russell plans to add a third unit to the basement portion, while also refurbishing the rest of the building. Other improvements include new drywall, new finishes and interior alterations, a replacement of the rear porch, and upgrades to the mechanical, electrical, and plumbing systems.