When city leaders and developers discuss new plans for major real estate projects, some groups are often left out of the discussion. What’s being done to bring more Black and Latino developers into the industry.
The Chicago Plan Commission approved a $3.8 billion effort earlier this year to overhaul the former Michael Reese Hospital site in Bronzeville, just west of the lakefront on 31st Street. The team behind the development is thinking big and working toward community buy-in.
Mayor Lori Lightfoot said the revised ordinance was “better” than her administration originally proposed and will “put our city on the right track to full ensuring that our residents have clean air, no matter what ZIP code in which they reside.”
Aldermen are sharply divided on the issue after a proposal from Mayor Lori Lightfoot was significantly revised. Alds. Jason Ervin, Maria Hadden, Byron Sigcho-Lopez and George Cardenas weigh in.
The metamorphosis of the land along the North Branch of the Chicago River from an industrial powerhouse into Chicago’s newest community area is poised to take another giant step forward at Wednesday’s full City Council meeting.
The Obama Presidential Center can be built in Jackson Park after a federal review that lasted nearly four years concluded the $500 million project will have “no significant impact” on the federally protected park.
The number of distribution centers being built in the Chicago area is on the rise. Supporters say they can create jobs in places that have long faced disinvestment and unemployment. But critics say they aren’t always good jobs.
Eleven firms are interested in building or operating a casino in Chicago — and eight told Mayor Lori Lightfoot that it should be downtown, according to a limited summary of the proposals submitted by firms released by the mayor’s office.
Opponents of the Obama Presidential Center care more about trees and traffic than they do about people impacted by decades of systemic disinvestment, proponents of the project said in an open letter.
El Paseo Community Garden is hosting an open house Saturday to celebrate its achievements in 2020, which include the city handing over a half-acre vacant lot that neighbors feared would be developed into luxury condos.
After a developer purchased a neighborhood plaza earlier this year, some residents and business owners are concerned the fabric of the community — known as the epicenter of Mexican culture and commerce for the entire Midwest — could be at risk.
Mayor Lori Lightfoot took the first step Thursday toward making the long-planned Chicago casino a reality, asking firms interested in building and operating “a unique entertainment and gaming experience” to make their pitch to city officials.
Even though the Obama Presidential Center has yet to receive final approval from the federal government to break ground, Woodlawn’s real estate market is already bubbling, with the median sale price rising 106% from 2016 to 2020.
The city hunts for real estate developers for commercial corridors on the South and West sides, but will developers bite? Crain’s Chicago Business Editor Ann Dwyer joins us with the stories behind the headlines.
The growing share of city property taxes sent to tax increment finance districts is sure to fuel the argument over whether the districts actually spur redevelopment and eradicate blight or exacerbate growing inequality in Chicago.
Mayor Lori Lightfoot has repeatedly said 30 days’ notice is not nearly enough time for a single person, let alone a family, to find a new place to live and move. Now, long-term renters will get more notice of an eviction without cause.