Invest Southwest Initiative with the Chicago Department of Planning & Development
INVEST South/West is an unprecedented community improvement initiative under Mayor Lori E. Lightfoot to marshal the resources of multiple City departments, community organizations, and corporate and philanthropic partners toward 10 communities on Chicago's South and West Sides.
Through this groundbreaking collaboration, the City will align more than $750 million in public funding over the next three years, while seeking to maximize those public investments in order to attract significant additional private and philanthropic capital, respond to changing commercial trends, and enrich local culture. INVEST South/West collectively supports infrastructure development, improved programming for residents and businesses, and policies that impact each of the community areas surrounding these corridors to create lasting impact.
Through the Department of Planning and Development (DPD), the City of Chicago offers to qualified development teams and nonprofit organizations the opportunity to submit proposals for opportunity sites in the INVEST South/West commercial corridors listed below.
To learn more more, visit the City of Chicago website here.
838-58 W. 79th St.
The nearly 23,000-square-foot-site consists of six parcels of vacant land owned by the City. The RFP seeks their redevelopment with a high-quality, mixed-use project that includes ground-floor commercial spaces and residential uses above.
5200-24 W. Chicago Ave.
The approximately 34,200 square-foot site on the northwest corner of Chicago and Laramie avenues includes five vacant lots and the vacant, 14,340-square-foot Laramie State Bank building, a designated Chicago Landmark. The RFP seeks the mixed-use rehabilitation of the former bank and new construction on the adjacent land.
6200 block South Green Street, 914 W. 63rd St.
The 4.28-acre site consists of two packages: Site B1/B2 and Site C. The sites are being offered as the second phase of the adjacent Englewood Square I project, which is a Whole Foods-anchored shopping center at Halsted and 63rd streets. The goal of the RFP is to establish a vibrant, walkable, mixed-use town center that includes residential and commercial uses.
Crain's Chicago Business news featured the CCAC's in their article City hunts for developers to revive South, West Side corridors. View the Full Article to learn more.