High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + South Side  + Finance  | 
Landmarks Illinois made a loan to the Greater Chatham Initiative to fund what has become the Arts on the 9 space on Chicago's South Side

Landmarks Illinois Loan Funds South Side Preservation Effort 

Landmarks Illinois, the statewide historic preservation nonprofit, issued its first loan through its Reinvestment Program Loan Fund to the Greater Chatham Initiative (GCI) to help finance the preservation of a South Side building that is now home to the organization’s “Artist on the 9” co-working space and gallery. 

The loan to GCI funded historic storefront repairs at 735 E. 79th St. in the Chatham-Greater Grand Crossing Commercial Historic District, where GCI recently opened Artists on the 9. 

“Our goal with this loan program is to provide accessible funding and lending terms to worthy preservation projects in Illinois that may be unable to attain conventional financing,” said Bonnie McDonald, president & CEO of Landmarks Illinois. 

GCI is a nonprofit charged with developing and driving the implementation of a comprehensive strategy to revitalize the Chatham, Auburn Gresham, Avalon Park and Greater Grand Crossing neighborhoods on the South Side of Chicago. 

Connect

Inside The Story

Landmarks Illinois

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action
New call-to-action