Posted Mar 9, 2021, 3:13 AM
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Join Date: Dec 2012
Location: Chicago
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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.
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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.
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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.
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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.
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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.
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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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