The Community Development Commission has approved $2 million in Tax Increment Financing (TIF) money for the Oakwood Shores Phase 3 development in Bronzeville. Located on two parcels, the project is the third installment of the overall plan to replace the CHA Madden/Wells housing development. The first plot is at 616 E Pershing Road, with the second parcel located at 552 E 38th Street. Both sites are currently vacant parcels. The Community Builders is the developer behind the project.
Permits were issued earlier this month for a three-story, multi-unit residential building, situated at 1024 W Altgeld Street near the center of Lincoln Park. The filing’s listed owner is 1024 Altgeld LLC, with plans for two total dwellings, a basement, rear open decks on the first floor, and a rooftop deck area with pergolas and a stair enclosure. Residents will also have access to a two-car detached garage with a separate rooftop deck.
The Chicago Plan Commission has approved the mixed-use development proposed at 210 N Aberdeen Street in the West Loop. Consisting of an irregularly-shaped site, the property consists of an empty lot at the intersection of W Lake Street and N Aberdeen Street, the historic Arthur Harris Building along N Aberdeen Street located in the Fulton-Randolph Market Historic District, and a few one-story masonry buildings behind Arthur Harris fronting N May Street. LG Development Group is the developer behind the proposal.
Construction is now above street level for Inspire West Town, an eight-story mixed-use development by Bond Companies located at 1140 W Erie Street. The 108-foot-tall West Town development will house ground-level retail and a total of 113 rental units. Six of these units will be affordable, while an additional 17 will be provided off site under the Affordable Requirements Ordinance.
Demolition permits were recently issued for a single-story masonry building at 1844 N Damen Avenue in Wicker Park. M15 Land Investment Inc is the listed owner, whose exact plans have not yet been revealed.