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  #48321  
Old Posted Mar 4, 2021, 12:17 AM
the urban politician the urban politician is online now
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^ It will be a huge money loser for the new owner unless they can get more elective procedures done there, as well as getting more people with private insurance into that hospital and any affiliated clinics.

That can only be addressed through population growth and development in the nearby area. Perhaps the new owners are expecting that to happen?

Or perhaps this is some massive tax write-off scheme? Who knows? But I'm glad that this hospital isn't closing.
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  #48322  
Old Posted Mar 4, 2021, 12:25 AM
SamInTheLoop SamInTheLoop is offline
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Originally Posted by the urban politician View Post
Marquette is obviously bullish on the rebound.

More power to them, hopefully they get lavishly rewarded for their efforts

I agree and really admire the conviction. And fwiw I think their optimism for the apartment market is pretty well-founded. The vaccine situation is looking very encouraging. I also think that their - at least for the time being - concentration in the W Loop/near west side makes a lot of sense given that
a disproportionate amount of development in the greater area had been commercial or slated for future commercial, but now a couple interesting developments:

1) north of (is it Randolph or Lake?) restriction on Fulton Market residential is being lifted

2) there's definitely been a progressive further easing of historical height limitations (aldermanic prerogative in reaction to neighborhood position) recently and I'm sure more to come

Now, it's quite possible there could in relatively short order be a rush to residential in the area by a plethora of developers, and then the supply-demand dynamics may change (though that's tricky because you could also get into a sort of agglomeration/gentrification supercycle where the area benefits from a real supply inducement effect and the additional luxury living options create self-reinforcing demand - at least for a time, certainly.

Still, no matter what, if Marquette is generally on the right track with their conviction here, they'll still enjoy the proceeds commensurate with their first-mover advantage (in terms of very large scale prospective post-pandemic rental development in the area)
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Last edited by SamInTheLoop; Mar 4, 2021 at 12:45 AM.
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  #48323  
Old Posted Mar 4, 2021, 1:45 AM
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Originally Posted by SamInTheLoop View Post
1) north of (is it Randolph or Lake?) restriction on Fulton Market residential is being lifted
Restrictions lifted between Lake and Hubbard, Halsted to Ogden.
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  #48324  
Old Posted Mar 5, 2021, 5:12 PM
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3/3- Wilson and Broadway Redevelopment

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  #48325  
Old Posted Mar 5, 2021, 9:33 PM
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Tribune Rehab - 435 N Michigan

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Old Posted Mar 6, 2021, 3:51 AM
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176 N Wells - or some vanity address

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  #48327  
Old Posted Mar 6, 2021, 1:09 PM
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I drove by Belmont and Elston the other day, the project going up on that corner is almost topped out. It really looks nice from what I can gather. We need more buildings like that built throughout the neighborhoods
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  #48328  
Old Posted Mar 6, 2021, 1:52 PM
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Originally Posted by the urban politician View Post
I drove by Belmont and Elston the other day, the project going up on that corner is almost topped out. It really looks nice from what I can gather. We need more buildings like that built throughout the neighborhoods
Are you talking about this or something else?

https://therealdeal.com/chicago/2018...x-in-avondale/

Also speaking of Elston...demo permits were issued for the former Stanley's building at North & Elston and the 1 story building next to it on North Ave. I know that the owner of Novak Construction owns at least the Stanley's building but said it could be 5-10 years before he does anything with it (said last year). Anybody know if plans changed or if it has something more to do with tax?
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  #48329  
Old Posted Mar 6, 2021, 3:09 PM
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^ Yes that’s it.

Fills in that corner nicely, and so far has a nice, thick masonry look. I know that it’s not cutting edge copulating insects stuff, but good filler
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  #48330  
Old Posted Mar 7, 2021, 6:07 AM
LouisVanDerWright LouisVanDerWright is offline
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^ Yes that’s it.

Fills in that corner nicely, and so far has a nice, thick masonry look. I know that it’s not cutting edge copulating insects stuff, but good filler
There was a long community process on this one and it was one of the rare instances where the neighbors had positive effect on aesthetics. They originally proposed more of the typical banal modern garbage with zero detail and the community insisted on something better. Notice how well the parking is tucked away on this one as well...
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  #48331  
Old Posted Mar 7, 2021, 7:37 PM
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Construction Update: 400 N Aberdeen Street



Chicago | West Loop | Fulton Market | 400 N Aberdeen Street by Razorback05, on Flickr
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  #48332  
Old Posted Mar 9, 2021, 3:13 AM
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A blues museum, eco-food hub and apartments are part of $67 million in projects picked to kick off Chicago’s Invest South/West initiative

https://www.chicagotribune.com/colum...eym-story.html

Quote:
Three real estate developments with a combined investment of $67 million have been chosen to kick off Mayor Lori Lightfoot’s initiative to boost investment on the city’s South and West Sides.

Lightfoot on Monday announced the winning proposals for sites in Austin on the West Side and in Auburn Gresham and Englewood on the South Side, as part of the $750 million Invest South/West initiative.

..

The costliest proposal of the three is a $37.5 million plan for the former Laramie Bank building and adjacent land at Laramie and Chicago avenues in Austin. The project is led by Heartland Alliance and Oak Park Regional Housing.

They propose renovating the 20,000-square-foot former bank building with commercial uses including a blues museum, bank branch, cafe and business incubator. On adjacent land, the firms propose a multistory apartment building with affordable units, a green roof, public plaza and outdoor art.

..

In Auburn Gresham, Evergreen Real Estate Group and Imagine Group plan a $19.4 million redevelopment of vacant land near Halsted and 79th streets.

They propose 56 affordable apartments, ground-floor retail and 35 parking spaces. The plan includes private garden lots and a playground. It is expected to create 100 construction jobs and three full-time positions, according to the city. The site is across the street from a healthy lifestyle hub project that won a $10 million grant called the Chicago Prize.

Also on the South Side, in Englewood, a $10.3 million second phase is envisioned for the Englewood Square shopping center, which is anchored by a Whole Foods. McLaurin Development and Farpoint Development plan an “eco-food hub” that would train, employ and feed local residents.

The project on the 800 block of West 63rd Parkway will reuse the landmark former Green Street fire station as a commercial kitchen, and the project will include an incubator to train startup businesses and a “living room” for local events.

Vacant land will be used for hoop houses providing year-round farming and a public plaza. A flexible market space and event center are planned for later phases. The development is expected to create 80 construction jobs and 45 permanent, full-time jobs.

..

The city’s planning department, led by Maurice Cox, guided the Invest South/West site proposal process by outlining preferred uses and soliciting conceptual renderings from top architecture firms.

..

Developers have until the end of March to submit plans for the second round of Invest South/West sites open to requests for proposals.

The city opened up those four sites for proposals in November. They are in Bronzeville, South Chicago and New City on the South Side and North Lawndale on the West Side.
Here are some of the renderings:

Austin site
https://www.google.com/maps/@41.8948...7i16384!8i8192


Englewood site
(most likely) https://www.google.com/maps/@41.7796...7i16384!8i8192


Auburn Gresham site
(around here) https://www.google.com/maps/place/W+...!4d-87.6440275
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  #48333  
Old Posted Mar 9, 2021, 4:56 AM
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It's really great to see the Laramie State Bank building getting a rehab. That's a real art deco gem on the westside.
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  #48334  
Old Posted Mar 9, 2021, 3:04 PM
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that 63rd & halsted intersection (Englewood) really has the neighborhood infrastructure to accept a lot more residential density - transit, grocery, banking, health services, college campus, and vacant lots ready for more.
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  #48335  
Old Posted Mar 9, 2021, 3:32 PM
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  #48336  
Old Posted Mar 9, 2021, 4:11 PM
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^^This hurts so much
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  #48337  
Old Posted Mar 9, 2021, 5:22 PM
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^ Its meant to
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  #48338  
Old Posted Mar 9, 2021, 8:07 PM
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The city is doing a lot of initiatives for Invest South/West. One that caught my eye is the “1,000 homes project" for North Lawndale. Exactly as it sounds, the city is partnering with Lawndale Christian Development Council and United Power to build 1,000 units throughout the neighborhood. Phase I will cover 125 infill lots surrounding Ogden Ave. The project is still in the planning stage, but has been discussed in a couple of public documents and press releases

Page 20: https://www.chicago.gov/content/dam/...dale_RFP_1.pdf
Page 14: https://www.chicago.gov/content/dam/...tner_RFP_1.pdf
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  #48339  
Old Posted Mar 9, 2021, 9:44 PM
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Originally Posted by Randomguy34 View Post
The city is doing a lot of initiatives for Invest South/West. One that caught my eye is the “1,000 homes project" for North Lawndale. Exactly as it sounds, the city is partnering with Lawndale Christian Development Council and United Power to build 1,000 units throughout the neighborhood. Phase I will cover 125 infill lots surrounding Ogden Ave. The project is still in the planning stage, but has been discussed in a couple of public documents and press releases

Page 20: https://www.chicago.gov/content/dam/...dale_RFP_1.pdf
Page 14: https://www.chicago.gov/content/dam/...tner_RFP_1.pdf
these are excellent thanks for sharing. its good to see someones at least thinking about this stuff since it echoes a lot of my own thoughts (and i imagine anyone else's who lives or spends a lot of time driving through that ogden corridor)
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  #48340  
Old Posted Mar 10, 2021, 2:18 AM
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^ Looks like they want to get rid (or begin getting rid) parts of the frontage roads along each side of Ogden. I feel that would be a wasted opportunity. It would be great to find an alternate use for it, such as BRT or even light rail. (Although spending money on rail here might be unjustified due to its proximity to the Pink line). A dedicated ROW like this is something the city would be wise to preserve for future transportation expansion, IMHO.
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