Chicago & Midwest CRE News In Your Inbox.

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

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + South Side  + Apartments  | 

City Issues RFP for Grand Boulevard Development Site

Chicago’s Department of Planning and Development has issued a request for proposals for the former 3rd Ward Streets and Sanitation office at 5021 S. Wabash Ave. in the Grand Boulevard community. The deadline for responses is June 30.

The 11,800-square-foot development site represents a prime investment opportunity in greater Bronzeville, one of the priority neighborhoods for Mayor Lori E. Lightfoot’s INVEST South/West initiative. 

Located within walking distance of Washington Park and the CTA’s 51st Street Green Line Station, the one-story, city-owned building dates to the 1910s. The target sales price is $90,000, based on a December 2020 appraisal.

Respondents to the RFP should seek to rehabilitate the existing structure. The prairie-style building has an orange rating on the Chicago Historical Resources Survey and could be eligible for a landmark designation.

City of Chicago development assistance could include Tax Increment Financing support, Neighborhood Opportunity Fund grants, purchase-price write-downs, and other resources. 

Pictured: 51st Street Green Line Station. Photo credit: Cragin Spring/Wikipedia.

Connect

Inside The Story

Download the RFP

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

Step 1: Select Education
  • ◦Development
New call-to-action