The architectural landscape of Chicago is ever-evolving, with many structures meeting their end to make way for new, cutting-edge designs. While demolition is necessary for a thriving metropolis, it often comes at the cost of losing touch with the city’s historical roots and in some cases the demise of beloved landmarks in the name of pragmatism.
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.
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.
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.
Capturing the 15th spot in this year’s countdown is the mixed-use development at 410 S Wabash Avenue in The Loop. Located on the southwest corner with E Van Buren Street, the structure will replace a vacant surface lot directly adjacent to the famed CTA tracks that give the neighborhood its name. North Carolina-based developer Lennar Multifamily Company which recently rebranded as Quarterra is behind the project along with architecture firm Antunovich Associates on its design.
