Real Estate & Development News

Published May 14, 2023

A recent proposal by 12th Ward Alderwoman Anabel Abarca to add business zoning to the 35th Street corridor received nods and consideration from 11th Ward Alderwoman Nicole Lee and incoming 12th Ward Alderwoman Julia Ramirez.

• 12th Ward Alderwoman Anabel Abarca submits rezoning proposal for 35th Street between Archer Avenue and Paulina Street.
• Rezoning receives nods and consideration from 11th Ward Alderwoman Nicole Lee and incoming 12th Ward Alderwoman Julia Ramirez.
• UIC student summer program also examining 35th Street redevelopment opportunities.

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Read more: 35th Street Upzoning Aims to Jump-Start Commercial Development

Published April 23, 2023

Following a three-hour hearing, a BLOC-branded adult-use cannabis dispensary from Justice Cannabis Co. received approval from Chicago's Zoning Board of Appeals to open at 3455-59 S. Ashland Ave., Chicago.

• Justice Cannabis Co. gets the OK to open its BLOC-branded adult-use dispensary at 3455-59 S. Ashland Ave., Chicago.
• Three-hour hearing concludes with unanimous decision by zoning board early in the hours of Saturday, April 22.
• 11th Ward Alderwoman Nicole Lee unsuccessfully attempts to push board decision to a later meeting.

Read more: Zoning Board Approves McKinley Park Cannabis Dispensary

Published April 10, 2023

Asphalt producer and city reach an agreement for additional fines and dust and smoke controls, as MAT Asphalt lands seasonal City of Chicago asphalt contracts for over $141 million.

• Asphalt producer located in Central Manufacturing District and the City of Chicago reach settlement for current and future asphalt contracts.
• New measures include additional smoke controls and dust mitigation, and the maximum fine allowed by law.
• MAT Asphalt lands seasonal City of Chicago asphalt contracts for over $141 million.

Read more: MAT Asphalt, Chicago Health Department Announce Settlement

Published March 8, 2023

Film production or housing and businesses are among the competing visions presented by RFP finalists at a Chicago Department of Planning and Development community meeting.

• Competing redevelopment proposals include film studio use, housing and businesses.
• Community meeting from Chicago's Department of Planning and Development hosts proposals and Q&A.
• Submit your feedback about the proposals via an online scorecard; a finalist gets picked in April 2023.

Read more: Development Teams Pitch Visions for Central Manufacturing District Properties

Published March 5, 2023

The Pilsen Wellness Center is opening its newest clinic on April 3, 2023, at the former Our Lady of Good Counsel Church and adjacent properties at 3528 S. Hermitage Ave. in Chicago's McKinley Park neighborhood.

• Pilsen Wellness Center to open newest clinic on April 3, 2023, at former Our Lady of Good Counsel Church.
• Center will focus on counseling and substance abuse prevention services.
• Properties purchased from Archdiocese of Chicago include mid-century modern building at South Hermitage Avenue and West 36th Street.

Read more: Mental Health Clinic Opening at Former Catholic Church Properties