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Chicago & Midwest  + South Side  + Finance  |  November 18, 2021
Thrive Exchange rendering South Shore Chicago
Paul Bubny
By: Paul Bubny

Lightfoot Unveils $126M of New INVEST South/West Projects

As the INVEST South/West program for historically disadvantaged South and West Side neighborhoods marked its second anniversary Thursday, Mayor Lori Lightfoot announced $126 million in new projects. These include the planned rehabilitation of the landmark Pioneer Bank building in Humboldt Park; a transit-oriented mixed-use complex in South Shore; and a mixed-income housing project in West Humboldt Park.   

“For two years, INVEST South/West has been bringing projects like these to life by leveraging the power of our communities to unlock their greatest potential,” Lighfoot said. “I’m thrilled with the progress we’ve made and promises we’ve fulfilled through this program and look forward to continuing these transformational investments.”  

The three new projects were selected from six developer responses to RFPs issued in April by the Department of Planning and Development (DPD), the lead city agency for INVEST South/West.  “This is what equity paired with action looks like,” said DPD Commissioner Maurice Cox. 

Pictured: Thrive Exchange in South Shore, one of three INVEST South/West projects announced Thursday.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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