The City of Chicago is Looking for Developers to Revive More than a Dosen Vacant Lots Near the United Center, Arena of the Arena’s Ownership Kicking off Construction of Its $ 7 Billion 1901 Project.
The City Opened Up Requests for Proposals Last Month for Four Clusters of City-Awned Lots, Totaling 19 Sites, Along West Madison and West Fifth Streets in the Near West and East Garfield Park. On wednesday, it held a presubmization meeting for interesting party.
Officials from the Department of Planning and Development Said the Lots part of a Broader Push for More Infill Development Taching Place on the West.
“There is a position narrative Around New Housing and Infill Development Occurring here in the community, some of which has been affordable,” Brian Hacker, Planner at the Department of Planning and Development, Said. “We’re seeing a good trend to start in that longtime vacant land that has haen an will in these communities.”
The City’s Proposal Said Said for “New NeighBorhood Amenities and Emploment and Residential Opportunities to Build on the Momentum and That Will Come from the 1901 Project Investment.” Developers Should Also Knit Together The Surrounding Blocks and Support Public Transit Ridership, Acciting to the Request for Proposals.
A Vacant Lot at 2905-29 W. Madison St.
Three of the Clusters on Madison Street Are South of the United Center. The City is Looking for Mixed-Use Developments on Those Lots, Such as apartments with Ground-Floor Retail.
For the Fourth Cluster, which Includes Parcels at 2900-2914 W. Fifth St., The proposal suggests a focus on residency Development. That’s Because Fifth Street Lacks the Same Commercial Corridor to Support Retail Space, Hacker Said.
Developers have unil sept. 30 TO SUBMIT QUESTIONS. Proposals must be submitted by oct. 31. The City Encoureded Applicants to Include on-Site Affordable Units that are in line with the affordable proquirements Ordinance, Hacker Said. But there’s no requirement for proposals to be strictly afffordable, or market-rate units.
“We’re leaving that open to the applicants to determin,” hacker Said.
He Said the Timeline for Announcing and Awarding the Projects Hasn’t Been Dedidated. It’ll Likely Depend on the Number of Responses, in Addition to Coordinating with the Local Alderperson, Including for the 27th Ward Which Saw Walter Burnett retire from the post this summer.
Planning Officials Said Wednesday that the Parcels of Land Arear Abundant Transit Options, Including the Dens Green L Stop that Opened Last Summer. The lots are Also close to the illinois Medical District, A Major Employment Hub.
Hacker Said the 1901 Project Will Serve As a “Front Yard” for the United Center. While Construction hasn’t started, he said work on Phase 1 is underway.
The Arena’s Owners have said it’s the Larger Private Investment on the West Side. ITSE PROPECTED TO HAKE 15 YEARS, But Once Complete, It Will Have a Music Hall, Thousands of Residency Units and Open Green Space That Replace a Sea of Parking Lots Around the Center.
“This is the Big News in the area here, and we think it will be something will will come Hopelly drive a lot of development of interest in the area, participation in Areas where there is a lot of have have been vacant and undeveloped for a Long time,” hacker said.