RFP to Redevelop Historic Woodlawn Bank Building
The Cook County Land Bank Authority has an issued an RFP to redevelop the former Washington Park National Bank Building at the corner of 63rd Street and Cottage Grove in the South Side’s Woodlawn neighborhood. The 35,000-square-foot property has sat vacant for more than two decades.
When the 94-year-old property was new, according to the RFP, “63rd Street was historically a vibrant commercial corridor.” However, the neighborhood has experienced “high vacancy and job loss over the past several decades.”
The CCLBA intends to have the property redeveloped “with high quality, mixed-use development to serve the Woodlawn and adjoining communities, and transform the property into an economic and jobs generator with creativity in plan and program, excellence in architectural design and long-term viability,” according to the RFP. Although the RFP indicates either reuse or replacement of the existing property, any new structure must be no more than five stories tall.
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