Markets & EconomyRentals

Development on Near North Side promises 900 mixed-income units

Site 3 likely to be the first parcel developed
Published on Jan 12, 2016
  • The smallest parcel, site 3, should be the easiest to finance and develop.
  • Sites 1 and 2 both require developers to build new alleys and streets, in addition to housing.
  • The first phase of Cabrini Green still has a long way to go before construction commences on any of the sites.

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by CareyBot

By late-2016 Near North Side residents should have a clearer picture of what the redeveloped, mixed-income neighborhood once known as Cabrini Green will look like. Chicago's Department of Planning and Development (DPD) recently issued a request for proposals (RFP) for the first phase of the Near North Tax Increment Finance Redevelopment Area, with a pre-submittal conference for developers set for February ...

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