Affordable housing, other projects planned for devastated sites in the south and west
The latest winners (see renderings and more details of each below) were selected from 15 total offers for a mix of four predominantly city-owned sites in New City, Bronzeville, North Lawndale and South Chicago and could collectively generate nearly 700 construction jobs and more than 300 permanent jobs, according to the city .
The four proposals selected by the city will now begin to operate through the city’s community feedback and approval processes as each development team strives to secure funding for the projects. Details on the amount of tax increases or other taxpayer assistance that will be deployed for each project were not immediately available.
The Department of Planning and Development is also in talks with three development teams whose bids have not been accepted for the sites but could pursue their proposals on other plots nearby, said DPD commissioner Mauritius. Cox. He said he expects each of the four projects selected by the planning department to be under construction in 2022.
The selections follow the first wave of successful bidders for the Englewood, Auburn Gresham and Austin sites who have each progressed towards innovation.
Englewood Connect plans, which would add to the redeveloped Englewood Square project on the northwest corner of 63rd and Halsted Streets, could be ready to move forward with construction by the end of the year. ‘year, according to Cox.
The development team that proposes to transform the dilapidated historic building of Austin Laramie Bank into a commercial building that includes a blues museum, bank branch, cafe and business incubator are still vying to consolidate the last of its funding to begin work, Cox said.
In Auburn Gresham, the refusal by some residents of an affordable housing project along 79th Street just west of Halsted Street has forged a slightly modified plan, in which a pair of local developers plan to construct two buildings to provide both housing and commercial uses. , according to Cox.
“We expected the community to want to continue the conversation” after the announcement of the first winning bids, Cox said. “Often what they want, the market does not yet say it comes first. We therefore deliberately conduct affordable and mixed-use developments that have a high impact on the trade corridor, because one development begets another, begets another. they lead to really solid conversations about the full range of services the community needs, helping to shape our future program on the next step of Invest South / West. “
Here are more details on each of the winning offers: