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Chicago Planning & Development  News on economic development, land use, historic preservation and more from the City of Chicago's Department of Planning and Development.

The Community Development Commission approves $9.65 million in TIF for the rehabilitation of the Congress Theater at 2100 N. Milwaukee Ave. in #LoganSquare. The rehabbed development will include a 4,900-seat music venue, a 30-room boutique hotel, 14 affordable units and 16,000 square feet of retail. A later phase will include a residential building with about 100 units, at least 30 percent of which will be rented at affordable rates, per the #AROpilot. The $69 million project is estimated to create 75 permanent jobs and 250 construction jobs.

The Plan Commission today unanimously approved the @BarackObama Presidential Center in Jackson Park. At $500 million, it’s a once-in-a-lifetime investment in the future of Chicago’s South Side. The Center will honor the legacy of the nation’s first black president, his ties to the South Side, and act as a community forum for education, youth leadership and recreation.

The #Chicago Plan Commission just approved One Chicago Square, which will be the city's sixth tallest building upon completion.
The $500 million project has two towers, the taller of which will be 1,011 feet and 76 stories.

To achieve that density, the developer is paying $13.2 million into the Neighborhood Opportunity Bonus system. More than $10.5 million of those funds will support retail growth in under-served neighborhoods, and $1.32 million will support improvements at the nearby Seneca Park.

The entire structure will include up to 869 residential units. The developer will fulfill a 22 unit on-site affordable requirement across the street at Lawson House. An additional $11.37 million will be paid into the affordable housing fund, the largest ever such payment.

The developer has committed to hiring 26% minority-owned and 6% women-owned firms, and has committed that 50% of its construction workers will be Chicago residents. The project will create between 1,500 and 2,000 construction jobs. #chicagogram #skyscrapers

Twenty four units of supportive housing for victims of domestic violence are being preserved in #SouthShore through DPD’s recent financing agreement with Family Rescue. The terms enable the nonprofit to settle debts, remedy code violations and, most importantly, continue to serve residents at risk of homelessness #chicagogram

This morning, DPD Commissioner David Reifman and Ald. Ed Burke helped re-dedicate two bronze historical markers at Wacker and Lake that commentate two events that occurred at that intersection: the founding of the Town of Chicago in 1833 and the nomination of Abraham Lincoln for president in 1860. #chicagogram

We're in #LittleVillage offering information about the Neighborhood Opportunity Fund to entrepreneurs (of all ages). Learn more about the program's efforts to build up retail corridors on the South and West sides at www.neighborhoodopportunityfund.com. Applications for the next round of funding are due Dec. 22.

Today, Mayor Emanuel, Commissioner Reifman and Ald. Solis toured the Old Main Post Office, which is amid a massive $600 million rehabilitation effort led by 601W Companies. The rehab was made possible after the City forced the sale of the long-vacant structure last year. The Commission on Chicago Landmarks will consider the building for landmark designation at its meeting next week.

We're at Whitney Young Library in #Chatham today presenting our plans for commercial design guidelines in the neighborhood. Stop by!

Last week, Plan Commission approved of this #WestLoop development calling for two 17-story towers with 586 residential units. 59 of the units will be rented at affordable rates, and the developer is making a voluntary contribution to the Neighborhood Opportunity Bonus system of $2.31 million #chicagogram

Yesterday, DPD posted the final draft of the #NorthBranch framework plan. The plan’s implementation over the next 20 years could triple the local employment base, create tens of thousands of construction jobs, add several thousand new residents, and generate hundreds of millions of dollars in economic activity.

The #Chicago Plan Commission will consider the Framework at its May 18 meeting. Read the plan at cityofchicago.org/DPD.

‪We're at St. John Cantius Church until 6 p.m. answering questions and taking comments on the #NorthBranch plan. Hope you can come by!‬

Newly opened #riverwalk space along 150 N Riverside Plaza #chicagogram

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