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 5.
- 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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Inman Connect New York | January 29 - February 1, 2019