A developer is planning a new mixed-use development on a vacant stretch of Milwaukee Avenue in Wicker Park. The current plan, a second version, adds 7,400 square feet of retail space to the hot neighborhood and 36 new apartments. LG Development is behind the proposed building which is designed by Antunovich Associates. Due to its location just northwest of the Damen Blue Line elevated station, the developers are utilizing the city’s transit-oriented development ordinance to build only 11 parking spaces for the site. Read more here.
The city of Chicago has issued a request for proposals for seven parcels of land in Bronzeville, on 43rd St. between Indiana Avenue and King Drive. Five of them are vacant and located near the Green Line station. Two are privately owned.
The city’s Department of Planning and Development says that submissions should:
· Create a vibrant commercial area to serve the community as a destination due to its distinct qualities, character and ambiance.
· Create an active street presence with engaging ground level-retail that enlivens the pedestrian experience.
· Include a mix of uses that enhance and relate to the existing neighborhood.
· Take advantage of the site's close proximity to the CTA Green Line station with an appropriate size and density.
· Provide an innovative and environmentally-sustainable design that meets the City's Sustainable Development Policy requirements. More here.
Foreclosures in the city of Chicago continue to drop. According to data recently released by RealtyTrac, the city had the nation’s 19th-highest foreclosure rate in the third quarter, an increase from the 3rd-highest foreclosure rate in 2013. Read the report from RealtyTrac here.
The apartment tower planned for Block 37 has begun construction. Planned to include nearly 700 units, Curbed Chicago has reported that the first evidence that construction has begun. Read more here.