1st Development Designed to Transform Chicago’s Financial District Advances – WTTW (Chicago)

The City Council’s Finance Committee unanimously endorsed a $64.2 million plan to transform the 14-story office building at 79 W. Monroe St. into an apartment building with 117 units, including 41 units set aside for low- and moderate-income Chicagoans. The plan relies on $28 million in city subsidies.
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Ex Illini
1 year ago

Turning these into affordable housing is so incredibly stupid. Who wants to stay in a hotel that has affordable housing residents panhandling in the lobby. That’s going to be the reality of this visionary plan. This tells you that downtown Chicago is dead. There simply aren’t enough commercial tenants in Chicago anymore. Those buildings are worth a fraction of what they were a few years ago. Remember the names Lightfoot and Johnson. They created this disaster with help from Preckwinkle, Evans, Foxx and Pritzker.

Ex Illini
1 year ago

Turning these into affordable housing is so incredibly stupid. Who wants to stay in a hotel that has affordable housing residents panhandling in the lobby. That’s going to be the reality of this visionary plan. This tells you that downtown Chicago is dead. There simply aren’t enough commercial tenants in Chicago anymore. Those buildings are worth a fraction of what they were a few years ago. Remember the names Lightfoot and Johnson. They created this disaster with help from Preckwinkle, Evans, Foxx and Pritzker.

mqyl
1 year ago

This looks to be another step to get rid of Chicago’s Financial District, or is it gone already? Anyway, I welcome suggestions for a new name for this area; sarcastic and tongue-in-cheek names are allowed.

Free at Last
1 year ago

41 low income units is not enough. That’s racist. Make it 116. Turn the loop into the new RT summer condominiums with the lakefront view (formerly Robert Taylor Homes). You deserve it.

Hello, Indiana!
1 year ago

And so the Section 8ing of previous business begins.

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