Lightfoot Administration Selects $200M of INVEST South/West Projects
The Lightfoot administration on Monday announced the selection of four mixed-use INVEST South/West projects planned for areas in South Chicago, North Lawndale, Bronzeville, and New City, and additional collaborations with three minority-led developers.
The projects, which are valued at approximately $200 million, were selected in response to a second round of Request for Proposals (RFP) issued by the Department of Planning and Development last winter. The four RFP selections will collectively create more than 215 residential units, 40,000 square feet of commercial space, and approximately 900 permanent and temporary jobs on commercial corridor sites that are either vacant or underutilized.
The three additional minority-led proposals planned for nearby city-owned locations will create dozens of additional residential units, tens of thousands of square feet of new commercial space, and more than 100 new hotel rooms, pending refinements to be completed in the months ahead.
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).
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