Chicago’s First Net-Zero, All-Affordable High-Rise for Loop Site

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

City Officials announced the winner of the City of Chicago’s C40 Reinventing Cities competition. The property is a 20-story, 100 percent affordable high-rise that will create a “stunning transformation” of underutilized Loop land.  The $102 million, 20-story structure planned by The Community Builders for City-owned property at Van Buren Street and Plymouth Court was selected through a Department of Planning and Development (DPD) Request for Proposals (RFP), issued last year through the international C40 Reinventing Cities competition. Designed by Studio Gang with DesignBridge and JAQ Corp, the “Assemble Chicago” project was selected over three other net-zero, mixed-use proposals due to its superior design, commitment to affordability, family-sized units, development team experience, proposed purchase price, and community feedback, among other factors.  The project’s planned 207 rental units will range from studios to two-bedrooms and be priced for tenants earning 30 to 80 percent of the Chicago area median income (AMI).  Located at the nexus of multiple rapid transit lines, the building will include a two-level podium with a food hall for minority-owned restaurants, nonprofit office and meeting space, a produce grocer, and a wellness clinic.  

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