Real Estate & Development News
With the support of state legislators Rep. Theresa Mah and Sen. Javier Cervantes, the Illinois Department of Commerce and Economic Opportunity will award $250,000 and Neighborspace will administer $65,000 in pending funds.
- Department of Commerce and Economic Opportunity awards $250K, and Neighborspace will administer $65K.
- State Rep. Theresa Mah and State Sen. Javier Cervantes support funding.
- Riverfront development, 35th Street businesses and traffic safety among planned use of pending funds.
Read more: Development Council Set to Receive Over $300K from Next State Budget
Redeveloping the city-owned historic warehouse and adjoining property took another step forward in a project to build commercial, residential and retail spaces, and affordable housing.
- McKinley Park neighborhood redevelopment project takes another step forward.
- Chicago Community Development Commission approves TIF designation at its July meeting.
- Development to include commercial, residential, retail and affordable housing.
Read more: City Approves $30 Million from TIF for Central Manufacturing District Redevelopment
The Karis Cold Stockyards facility is the first of its kind in Chicago, set for a mid-August opening following construction and installation of murals by artist David Banegas.
- Karis Cold Stockyards facility set for mid-August opening.
- Artist David Banegas memorializes old stomping grounds, former historic building.
- Warehouse is first of its kind in Chicago for cold storage.
Read more: Chicago Murals Among Final Touches for Cold Storage Warehouse
The McKinley Park neighborhood's Byline Bank branch hosted business owners, including from the West 35th Street business corridor, at its June 12 event.
- The McKinley Park neighborhood's Byline Bank branch hosts with drinks and dining on Thursday, June 12.
- West 35th Street business owners meet to nosh and collaborate.
- Networking follows Small Business Social, with next set for July 7.
Read more: Business Owners Meet and Greet at McKinley Park Networking
The Velma Thomas Early Childhood Center can stay for now in an agreement with the new owner of the just-sold St. Maurice church property.
- Chicago Public Schools early childhood center can stay for now.
- New owner of St. Maurice property still planning development.
- Working group to seek "forever home" for school.
Read more: Lease Locked In for Velma Thomas as New Owner Takes Over St. Maurice
