Development Grows Near Cabrini

www.chicagobusiness.com, October 13, 2014

A boom in downtown real estate and residential development has contributed to a wave of new projects north of Chicago’s River North neighborhood. Some 571 new residences are proposed or under construction on property surrounding Cabrini-Green, the former site of high-rise public housing. Townhomes, condominiums, and apartment buildings are all part of the mix. Developers indicate high demand for available land. As the landowner of the 65-acre Cabrini-Green site, the Chicago Housing Authority is spearheading that area’s pending redevelopment. Plans unveiled in February call for retail and residential components, with a blend of subsidized housing and market-rate units. DMA is advising the CHA on retail and commercial development opportunities.

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Seeking room to build, developers push close to Cabrini-Green