Lack of development experience, ability, financing as well as information in their proposals were among the reasons each of the proposals were rejected, according to the department of planning and development. Calls have continued to come in, though, after the November deadline for proposals, the community development commission was told.
The building at the southeast corner of Roosevelt Road and Blue Island Avenue was one of the first "barrier free" buildings in Chicago even though it was built in 1978, well before the passage of the Americans with Disabilities Act.
One catch is the city's requirement that the exterior of the building designed by architect Stanley Tigerman be preserved and restored. Meanwhile, changes to the interior will be allowed. No minimum bid price has been set.
Residential, cultural, educational, recreational, retail or office redevelopment will be considered.
The surrounding area, which includes the University of Illinois-Chicago campus and St. Ignatius High School, is expected to see 3,500 new residential units, as the Chicago Housing Authority's ABLA Homes is redeveloped.
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