Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
City Issues First RFPS in $750M INVEST South/West Plan
The Chicago Department of Planning and Development (DPD) issued RFPs for the redevelopment of three key, underutilized properties in the South Side’s Auburn Gresham and Englewood neighborhoods and Austin on the West Side.
They’re first to be issued through Mayor Lori E. Lightfoot’s INVEST South/West initiative, which seeks to leverage $750 million in public funding over the next three years to create pedestrian-oriented, mixed-use projects that address local development needs while fostering additional investment on adjacent blocks.
“These RFPs represent the true promise of INVEST South/West,” DPD Commissioner Maurice Cox said. “From the proposal stage to the selection process to the ribbon cuttings, the development process will reflect inclusivity, equity and the need for high-quality designs that foster additional community improvements on behalf of existing residents and businesses.”
Additional RFPs covering the seven other INVEST South/West community areas are expected to be issued in the months ahead.
Pictured: The Auburn Gresham site.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development