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Five Finalists in City-Sponsored Competition to Vie for Loop Redevelopment
The City of Chicago and its partners at C40 Cities have selected five local development teams as finalists to purchase and redevelop city-owned land at Van Buren Street and Plymouth Court in the Loop.
The five groups will submit mixed-use redevelopment proposals for the 16,000-square-foot location. The winner will be chosen through a formal RFP process that launched Tuesday.
The five finalists include a partnership of LendLease and KMA Co.; a group led by The Community Builders; DL3 Realty and City Pads; Keith Giles, Mercy Housing, and Chicago TREND Corporation; and a team of Turnstone Development and Lightengale Group.
“Each of these teams represent extensive design and build expertise,” said Eleanor Gorski, Department of Planning and Development First Deputy Commissioner. “We expect them each to submit creative proposals that maximize this unique opportunity to support economic development, affordable housing, open space and sustainability in the heart of the Loop.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
- ◦Development
