The Chicago City Council has approved a $1.25 billion borrowing plan over five years. This is a win for Mayor Brandon Johnsons plan, aiming to increase affordable housing and good-paying jobs without raising property taxes.
New details have been revealed for the mixed-use development at 6750 N Northwest Highway in Edison Park. Sitting just north of the intersection with N Oshkosh Avenue, the two-structure proposal will replace the former M.J. Surety Funeral Home and its parking lot. The project is being led by developer Valdir Barion.
A new construction permit has been issued for a 2-story residential building with a basement at 3822 West Huron Street in Humboldt Park. The permit, issued on April 18, was processed through the city’s standard…
The Chicago City Council has approved the mixed-use development at 455 N Carpenter Street in West Town. Sitting just north of the West Loop along Grand Avenue, the proposal would replace a pair of existing buildings. Local-developer Range Group is leading the project with HPA working on its design.
Sterling Bay is seeking a financial partner for the Lincoln Yards megadevelopment and is planning to sell land adjacent to the 53-acre site to meet debt repayment deadlines. CBRE has been hired to sell properties at three locations,1907 N Mendell Street, 1901 N Elston Street and 1500 W Cortland Avenue, which were initially part of the $6 billion mixed-use project. Amid financial difficulties, Sterling Bay has been selling properties, including an industrial property sold last year for $4 million, Crain’s Chicago Reported.
