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Old November 28th, 2005, 05:52 PM   #81
nomarandlee
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Quote:
Originally Posted by Chi_Coruscant
Condo Developers Buy Parking Lot Adjacent to United Center
By Mark Ruda (http://www.globest.com/news/421_421/.../140527-1.html)
Last updated: November 23, 2005 01:59pm

CHICAGO-One of the remaining parking lots used by Bulls and Blackhawks fans is being sold to a group planning to put up an eight-unit condominium building. A partnership will pay the city $169,100, the appraised value, for a 2,487-sf lot at 1641 W. Warren Blvd., which it will combine with an adjacent 5,000-sf site to build its $3-million project.


“This is the first step in moving the parking lots closer to the United Center,” says 27th Ward Alderman Walter Burnett, before the land sale was endorsed Tuesday by the community development commission. “It’s been an eyesore on that block.”


It also was a site the city did not realize it had for several years, Burnett adds. Red Top Parking, a local company that rents parking spaces on lots for sporting events, had been using the lot with the mistaken belief it owned the property, he adds.


Three-bedroom, two-bath units ranging from 1,600 sf to 2,000 sf, and priced from $350,000 to $450,000, will go up on the site about three blocks from the United Center, says department of planning and development project manager Kimberly Cook. However, the plans by 1641 LLC, led by Victor Hotel developer Frank DiBuglione, drew criticism from community development commission member Anne Kostiner, a former developer on the Near West Side. Specifically, Kostiner criticized plans by architect and investor Antonio Fanizza that called for the rear of the building to be clad in cinder block, rather than face brick.


“We need to change that,” Kostiner says. “There is a $1.1 million profit here. So there’s no reason at all not to bring it up a step.”

The partnership has lined up $2 million in financing from Amcore Bank. The 5,000-sf site at 1637-39 W. Warren Blvd., owned by DiBuglione, was acquired last year for $400,000, according to property records. The site includes a 1,914-sf building that will be razed.


This is great. I went to the Bulls game (for the first time since the Jordan era) a week or so agao and I was just thinking there are too many darn parking lots around this place. It would be cool to get some dense uranity around the stadium to give it a cohesive connected feel from stadium to neighorhood. Hopefully the Circle line will go a long way in that as well.
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Old November 28th, 2005, 06:23 PM   #82
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^ I was hoping for more bars/sports shops/restaurants to hang out before and after the games at United Ctr.

You're right there are so many parking lots. Hope they will be disappearing fast.
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Old November 28th, 2005, 06:29 PM   #83
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^Actually, a few months ago there was also an article about a developer planning a multi-level condo building (5-6 stories, I believe?) on one of the vacant lots near United Center. That building would also have ground-level retail.

Once the Paulina Connecter/Circle Line is complete, that area will be alright in my book
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Old December 9th, 2005, 05:14 AM   #84
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Thu Dec 8 15:03:05 2005 Pacific Time

University of Illinois at Chicago City Design Center Updates Development Plan for Burnham
CHICAGO, Dec. 8 (AScribe Newswire) -- The near southeast suburb of Burnham can renew itself by leveraging its riverfront, marina and golf course to attract retail and residential development, according to a plan by the University of Illinois at Chicago.

Fifteen graduate students from UIC's City Design Center conducted a year-long study for a strategic plan to improve Burnham's retail and waterfront districts. Brent Ryan, assistant professor of urban planning, and Rachel Weber, associate professor of urban planning, supervised the study and planning process.

"Burnham's retail was spatially dispersed. It lacked a distinct identity," said Ryan, co-director of the City Design Center.

"Many older Chicago suburbs have codes written for the type of development popular during the 1950s. It's important for them to reevaluate how commercial areas are built to create an attractive, distinct shopping district."

The students conducted site visits, surveyed businesses and customers, and analyzed retail markets to evaluate Burnham's built and natural environments, current and potential retail mix, transportation and fiscal conditions.

They met with village officials and employees to present their ideas, which include new homes along the Grand Calumet River, an expanded marina, a tree-lined boardwalk, a public park, a full-service restaurant, new retail businesses, indoor recreation facilities, more services at the Burnham Woods Golf Course clubhouse, transit-oriented development near the Hegewisch commuter station, and an entertainment and historic corridor.

As recommended by the students, the village recently hired a staff planner to implement such initiatives, said Burnham Mayor Robert Polk. Polk, Ryan and Weber will present the plan to village trustees at a Dec. 13 meeting.

"This administration is eager to pursue initiatives for economic development, and this plan offers fresh, innovative ideas," Polk said.

"Burnham has natural, historic, and recreational facilities and good transportation to strengthen its potential," Ryan said. He noted that the plan allows Burnham to protect its natural areas while enhancing public access to the waterfront. The plan also suggests bicycle paths that would connect the shopping district to the regional Burnham Greenway Trail System.

Weber, an expert on tax-increment financing districts, said a community must assess both its design and its economics to make a business district competitive.

"A planning process that examines either the economic or physical factors alone doesn't address the wide range of issues facing inner-ring suburban communities today," she said.

Weber and Ryan started the City Design Center's Urban Business Districts program in 2003 to aid older suburbs while training student urban planners. The program has produced comprehensive retail plans for Worth, Ill.; Whiting, Ind.; and the Howard/Morse district in Chicago's Rogers Park neighborhood.

UIC's City Design Center is a research, education, and service program dedicated to design in the public interest. It is part of the College of Architecture and the Arts and is affiliated with the College of Urban Planning and Public Affairs. For more information, visit http://www.uic.edu/aa/cdc/files/home1.html .

UIC ranks among the nation's top 50 universities in federal research funding and is Chicago's largest university with 25,000 students, 12,000 faculty and staff, 15 colleges and the state's major public medical center. A hallmark of the campus is the Great Cities Commitment, through which UIC faculty, students and staff engage with community, corporate, foundation and government partners in hundreds of programs to improve the quality of life in metropolitan areas around the world.

- - - -

CONTACT: Anne Brooks Ranallo, UIC Media Relations, 312-355-2523, [email protected]

SUMMARY: Mature suburbs such as Burnham, 20 miles south of downtown Chicago, can attract new retailers and housing by leveraging natural, historic, recreational and transportation facilities, according to a plan by the University of Illinois at Chicago's City Design Center.
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Old December 16th, 2005, 10:22 PM   #85
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I didn't know we are having a movie studio here.......

Daley plans more borrowing for W. Side movie studio
December 16, 2005
http://www.suntimes.com/output/news/...-studio16.html
BY FRAN SPIELMAN City Hall Reporter Advertisement

The Daley administration has revised its assistance package yet again in hopes of turning a mountain of debris created by an FBI mole into a West Side movie studio complex.

The redevelopment agreement, quietly introduced by Mayor Daley at Wednesday's City Council meeting, would authorize the Illinois Finance Authority to issue up to $40 million in so-called "empowerment zone revenue bonds" for a project that now carries a $57 million price tag.

The city's initial plan called for $25 million in empowerment zone bonds. The 183,000-square-foot project at Roosevelt and Kostner is still in line to receive a $10.5 million city subsidy.

"Construction costs are increasing and capital interest and debt service reserves, related costs when you issue these bonds, were not calculated in the initial $25 million," said Chicago Planning and Development spokeswoman Connie Buscemi.

"This gives them the capital they need to start the project and revenues from that development pay off the bonds. They carry a lower interest rate than conventional financing -- significantly lower."

Langdon Neal, an attorney representing Central Studios LLC, didn't hesitate when asked what would happen if the bonding was not increased. "They couldn't do the project. They need to sell more bonds. As time has gone by, the project has gotten more expensive to build," he said.

Central Studios LLC is a partnership between California-based Raleigh Enterprises and Chicago attorney Stephen Allison and Lawndale-born Donald Jackson.

Project stalled since 1999

Buscemi stressed that Chicago taxpayers will not be on the hook if the project goes belly up. However, the $40 million in bonds would count against the $230 million cap of empowerment zone bonds that Chicago can have at any given time.

In exchange for bribes allegedly paid to the late Ald. William Henry (24th), FBI mole John Christopher and others used the parcel to illegally dump debris that took two years and $5 million to remove.

On the eve of his 1999 re-election, Daley unveiled plans to transform that urban wasteland into a production house that could recapture for Chicago movie and commercial work lost to the East and West coasts. The project has been stuck in the mud ever since.
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Old December 17th, 2005, 02:13 AM   #86
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I think I've had my fingers crossed on this project for so long that they've fused together. A studio in Chicago would be massive and would help to stem the cinematic brain drain that happens here. Columbia and NU are pumping out all of these film grads who find it impossible to stay in the city and work on challenging, fulfilling projects. Only so many commercials and indie films to go around. It may not be the next Warner Brothers or Paramount, but keeping smart, creative, well paid people in the city is good. Hope this finally, finally gets rolling.
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Old December 17th, 2005, 02:15 AM   #87
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That would be sweet.
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Old December 24th, 2005, 07:19 PM   #88
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TOD along the west side Green Line

Kind of a small development, but worth noting considering all things:

On the Dept of P&D's website:

http://egov.cityofchicago.org/webpor...and_Kedzie.pdf
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Old December 29th, 2005, 05:07 PM   #89
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http://globest.com/news/443_443/chicago/141518-1.html

City Plans Transit-Oriented Development at Kedzie Stop
By Mark Ruda
Last updated: December 29, 2005 07:18am


The city’s Department of Planning and Development is offering a 20,366-sf lot at the northeast corner of Lake Street and Kedzie Avenue for sale to a developer able to build a mixed-use, transit-oriented project. The site is north of the Chicago Transit Authority’s Kedzie Avenue station on its elevated Green Line.


Although the city has set a target sales price of $203,500, it also is offering tax increment financing, property tax break and department of housing incentives to a developer willing to build at 3148-56 W. Lake St., four miles west of the Loop. Developers have until Feb. 20 to submit their qualifications, indicating their experience and financial ability to complete a project. They will learn in March whether they have made the department of planning and development’s cut, and a successful bidder is scheduled to be named in May.


The site in East Garfield Park is zoned C1-3, which would allow for a mixed-use building up to 60,000 sf. City officials envision ground-floor retail space with live-work spaces or residential units above. They also are encouraging developers to bring plans for an environmentally friendly, energy-efficient building.


The city acquired the site nearly 10 years ago through a foreclosure sale, according to property records.
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Old January 12th, 2006, 04:47 PM   #90
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Wow, Austin. From globest.com:

Austin Development Getting TIF Help
By Mark Ruda
Last updated: January 12, 2006 08:00am

CHICAGO-Developers of some of the newest multifamily construction in the Austin community since the 1960s will get $1.3 million in tax increment financing to help build 41 townhouse and condominium units. Lake and Waller, LLC will build 26 townhouses on land it already owns on the southwest corner of Race and Waller avenues, and 15 condominiums on city-owned land at the northwest corner of Lake Street and Waller Avenue.

In addition to pricing nine condominiums at rates deemed affordable to households earning less than the area median income, the partnership that includes former Chicago park district boss David Doig’s GenOne Group will pay $196,500 for the city-owned lot, its most recent appraised value. Prices in the $13.2-million development will range from $181,500 for two-bedroom, two-bath condominiums under the city’s affordable housing initiative to $350,000 for three-bedroom townhouses. The discounts on the nine affordable units total $390,000.

“We believe there is pent-up demand for market-rate housing in the Austin community,” Doig says. “There’s a lot of market activity around Austin.” GenOne Group also is building the 27-unit Corcoran Condos less than two blocks west, across Austin Avenue from the village of Oak Park.

Designed by Papageorge/Haymes Ltd., the condominium building will resemble one in University Village at 14th and Halsted streets. The Chicago-based architectural firm also was involved in that development. The building on Lake Street will be built first, Doig says. After those units are sold, the developers will move north to build the townhouses.

“This new housing will add energy and new opportunity to our community,” says 29th Ward Alderman Isaac S. Carothers. The tax increment financing and land sale were endorsed Tuesday by the community development commission. The developers got rezoning for the property last year to allow for their project.

Last edited by HowardL; January 12th, 2006 at 10:51 PM.
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Old January 12th, 2006, 04:50 PM   #91
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Really. I am glad that the West Side is experiencing a remarkable development boom. Nothing made me happier than seeing the West Side as a place to live and to do shopping.
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Old January 13th, 2006, 07:54 AM   #92
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Quote:
Originally Posted by Chi_Coruscant
Really. I am glad that the West Side is experiencing a remarkable development boom. Nothing made me happier than seeing the West Side as a place to live and to do shopping.

23 townhomes and 15 condos?

I'll reserve judgement on calling that a "boom" for now
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Old January 16th, 2006, 12:53 AM   #93
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Old January 16th, 2006, 12:55 AM   #94
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Not bad.
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Old January 24th, 2006, 11:30 PM   #95
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http://www.chicagotribune.com/classi...realestate-hed

245 units planned for N. Lawndale

By Jeanette Almada

Special to the Tribune
Published January 22, 2006

A residential project with as many as 245 units that will sell for as much as $600,000 is planned for the eastern rim of North Lawndale, near the Tri-Taylor district.

Chicago-based MCL Construction Corp. will build the project in a partnership with Chicago-based Brownstone Properties, on a 6.2-acre former industrial site at 2500 W. Roosevelt Rd.

The Chicago Plan Commission approved the $45 million project as a residential planned development this month. That approval was won by Warrenville-based Neumann Homes, a developer that has built residential projects in the suburbs but not in the city.

Neumann Homes then sold the site to the MCL/Brownstone partnership last week. It extends north to Fillmore Avenue and has three buildings on it. "We will begin demolishing those buildings in May," said Daniel McLean, president of MCL Construction Corp., in a phone interview last week.

The MCL/Brownstone partnership will build the project Neumann Homes planned, McLean said.

It will consist of four building styles from single-family houses to condominiums in three-flat and six-flat buildings, according to Jim Raymond, a partner with John Keich in Brownstone Properties.

Two- and three-bedroom condos will have 1,150 to 1,300 square feet. Single-story condos will be built on the ground floor of the three-story buildings, and 1,600-square-foot duplex units will be on the second and third floors, Raymond said.

Three-story single-family homes, with three or four bedrooms, will have 3,100 square feet of space, he said.

"It is a flexible plan that allows us to test the market," McLean said. Units will be priced from $250,000 to $600,000.

"We think these units will be a big asset for the area, where units are already selling for comparable prices," Ald. Ed Smith (28th) told the planning commission.

"We picked this neighborhood because it is virtually a part of the [West Side] medical district and in an absolute line of growth along Roosevelt, considering what is taking place at [the eastern] end -- University Village and Roosevelt Square," Raymond said.

"It is essentially the same project that we built in Old Town and in other neighborhoods," McLean said, explaining why he joined Brownstone in developing it. "It's been hard finding this kind of a project that lets us test the market with three-flats, six-flats and single-family homes. We used to have six of those going at any one time, but now it is hard to find land."

The developer will begin selling the units in April from a sales center at Roosevelt Road and Campbell Avenue. Construction will begin this fall, Raymond said, and first occupancy is expected in spring 2007.


Sorry for the crappy scan

Last edited by spyguy; January 25th, 2006 at 12:32 AM.
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Old January 25th, 2006, 12:59 AM   #96
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Quote:
Originally Posted by spyguy

Sorry for the crappy scan
^ I hope that's not aluminum siding I'm seeing there
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Old February 2nd, 2006, 12:09 AM   #97
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http://www.chicagotribune.com/busine...i-business-hed

Oak Park's Madison Street options outlined

By Victoria Pierce

Special to the Tribune
Published February 1, 2006

Linear parks, more retail and residential development and spruced-up historic buildings are likely to be part of the new plan for the Madison Street corridor through Oak Park.

Consultants unveiled three separate concepts for the 1 1/2-mile stretch that runs from Austin Boulevard to Harlem Avenue at a meeting last week in RUSHOak Park Hospital.

Rather than have one cohesive look along the entire route, it might be better to emphasize various land uses in different sections, said Scott Harrington of Vandewalle and Associates, Madison, Wis.

"It's a very long corridor. It's got a long history. It's got an evolving history," Harrington said. "Things aren't going to change overnight."

The area now includes a wide variety of architectural styles and land uses ranging from a large auto dealership and small businesses to several government offices, including Village Hall.

Harrington said that in the future, some areas might have more of a linear park feel while others emphasize retail or commercial space or a mixture of first-floor businesses with residences on upper floors.

Planners didn't have to wait long for a response from the crowd of about 100 Oak Park residents and Madison Street business owners. As planners presented their ideas, participants were asked to use keypads to provide feedback on the different proposals. The results were instantly displayed on screens for all to see.

A plan calling for a linear park concept, with more green space and landscaping, was by far the most popular.

The least popular proposal would highlight institutions such as RUSH Oak Park Hospital and Village Hall and bring in other public amenities to draw people to the area, such as a small museum or entertainment complex.

Likewise, a boulevard road configuration that emphasized landscaping while still maintaining four lanes of traffic earned support.

But a proposal to eliminate one lane of traffic or on-street parking to make way for a bike lane was trounced.

Harrington said he was a little surprised at the drubbing the proposal took. But it showed that residents and business owners feel strongly about having enough convenient parking and the ability to drive through the area without getting into a traffic jam, he said.

Village President David Pope said he was pleased with how much public participation the consultants have included in the planning process.

Although Madison Street now has a jumble of styles and uses, Pope is looking forward to seeing the final concept plan and the improvements to come.

"There are some hidden jewels along Madison Street," he said.

The next meeting on the Madison Street corridor is scheduled for Feb. 23, when Vandewalle and Associates will present its final proposal on whether the area will be more of a linear park with mixed uses, an institutional destination or a commercial district. The final plan is expected to be completed by this spring.
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Old February 5th, 2006, 02:07 AM   #98
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Old February 5th, 2006, 03:09 AM   #99
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^ Those renderings seem to leave out the bottoms of the buildings.

Quite strange....
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Old February 24th, 2006, 05:36 AM   #100
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Hi, I was thinking about purchasing a property in the Austin Neighborhood. Do you people think that it is a good buy. I took a look at the Police's Icams website, and it seems that crime is still bad in the are. Also, the demographics suggest many people living below poverty. I am just wondering if considering Oak Park's success, wouldn't it be in line for improvement in the next 5 years.
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