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.
At the end of 2022, the city received nine bids in response to its LaSalle Street Reimagined Initiative, which put out an RFP for adaptive reuse projects for the LaSalle Street corridor, which stretches from Washington Street to Jackson Boulevard in the Loop business district.
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