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Chicago Funds Four Loop Office-to-Resi Projects

City to provide $150M to convert empty offices into 1,000 homes

Chicago is committing $151M in public funding toward the conversion of four aging office buildings to residences in the city’s LaSalle Street financial corridor in the Loop.

The four projects, part of the city’s LaSalle Street Reimagined initiative, will cost a total $520M and create 1,000 housing units, of which 319 will be rented at affordable rates.

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Jack Rogers

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