Developments

22 posts

Chicago ARO

Navigating the New Affordable Requirements Ordinance (ARO)

The Home Builders Association of Greater Chicago (HBAGC) presented “Navigating the New ARO” on May 28th to a packed room at the Dream20 Showroom in the Merchandise Mart. The City of Chicago’s Affordable Requirements Ordinance requires residential developments that receive city financial assistance or involve city-owned land to provide a percentage […]

Panel OKs subsidies for Bronzeville redevelopment project

As reported yesterday in Crain’s, the redevelopment for  the Rosenwald Courts building, in the Bronzeville neighborhood has been approved, 7-1, and is set to received up to $25 million in tax-increment funding (TIF). The development which will hold 331 units, will have 18 market rate apartments with the remaining homes […]

Children’s Memorial Hospital whittles developer candidates

(Crain’s) — Four development teams have made the first cut in the competition to redevelop the Children’s Memorial Hospital property in Lincoln Park, a parcel coveted by developers for its location and size. Nine groups submitted proposals for the six-acre site in December, but Children’s Memorial released a short-list Friday […]