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Four Redevelopment Proposals Unveiled for City-Owned Loop Site
Four separate development and design teams’ mixed-use redevelopment proposals for city-owned property in the Loop were unveiled Thursday by the Department of Planning and Development (DPD) as part of Chicago’s participation in the international C40 Reinventing Cities competition.
Available for review on the DPD website in advance of a May 3 community meeting, each proposed project seeks to replace a vacant parking garage and adjacent land totaling approximately 16,000 square feet.
The proposals are in response to a Request for Proposals DPD issued last year. The city’s pending selection of a winner is expected to be Chicago’s first net-zero carbon high-rise, a highly efficient building that operates on carbon-free renewable energy.
“The responses to the C40 RFP reflect a strong desire by the development community to create architecturally innovative, sustainable projects that bring affordable and workforce housing options and other public benefits to the Loop,” DPD Commissioner Maurice Cox said.
- ◦Development
