LaSalle Street Office Conversion Plans Advance for Four Developments

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.

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City Announces Redevelopment Opportunity For Lots In Bronzeville

The City of Chicago has announced the potential sale and development of a handful of lots around 3916 S Lake Park Avenue in Bronzeville. Located around the intersection with E Oakwood Boulevard, the package is made up of six separate currently vacant lots. The efforts are being led in collaboration with the Department of Planning and Development as the city searches for potential development teams.

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