City Celebrates Two Years Of Invest South/West

The City of Chicago and Mayor Lori Lightfoot are celebrating two years of the Invest South/West initiative across the city. The program launched in 2019 with $750 million in public funding for projects across 12 commercial corridors in 10 south- and west-side communities aimed at creating jobs, improving safety, and providing housing options. With many winners announced in the last two years, the projects have also spurred plenty of private developments in areas being reinvigorated by the program.

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West Loop Collection

West Loop Collection’s Fourth Building Inches Toward Completion

It’s been nearly eight months since YIMBY’s last update on the five-building residential development known as West Loop Collection, located at 216-236 S Green Street along the edge of Greektown. With three of the six-story buildings already completed, the fourth has now reached its full height with much of the facade work now complete. POGN Development has planned for a total of 40 condominium units, divided equally into eight units per building. Layouts for these residences range from three bedrooms up to five bedrooms, and fall between $1 million for a single-level “simplex” and up to $2 million for a duplex penthouse.

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855 N Paulina Street

New Permits Issued for 855 N Paulina Street in West Town

Permits were issued yesterday for a new three-story residential building at 855 N Paulina Street in West Town. The lot is currently occupied by a two-story masonry residence. The permit owner is listed as The Alverna Group, LLC and plans indicate that the scope of the project will include three total units, a basement level, a rooftop deck with an enclosed staircase, and a detached three-car garage with its own rooftop deck.

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808 N Cleveland Avenue

808 N Cleveland Avenue Rises in Near North Side

Structural work can be seen for 808 N Cleveland Avenue, a 23-story mixed-use development in Near North Side. At a height of 284 feet, the DAC Developments project is one of the taller recent projects to kick off in the area, helping to add additional density along the Chicago Avenue corridor. Since the last update, the remaining foundation work has taken place, while the core and superstructure have begun to climb above grade.

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TIF Money Approved For Barbara Jean Wright Apartments Renovation In Near West Side

The Chicago Community Development Commission has approved the funding for an extensive renovation of the Barbara Jean Wright Apartments located at 1354 S Morgan Street in the Near West Side. The existing development is bound by W Maxwell Street to the north, S Morgan Street to the east, and W 14th Place to the south, along with two other housing projects to the west. Developer Jonathan Rose Companies is heading the effort who has managed over $1.8 billion in properties and recently broke into the Chicago market.

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