Chicago Planning & Development Shortlists Three Proposals for McKinley Park Site
The Chicago Department of Planning and Development (DPD) has shortlisted three proposals to rehabilitate a vacant, 571,476-square-foot, city-owned warehouse at 1769 W. Pershing Rd. in McKinley Park’s historic Central Manufacturing District complex. The proposals were submitted in response to an RFP issued last July. The three proposals include a $121-million plan for a mix of uses, ... The post Chicago Planning & Development Shortlists Three Proposals for McKinley Park Site appeared first on Connect CRE.
The Chicago Department of Planning and Development (DPD) has shortlisted three proposals to rehabilitate a vacant, 571,476-square-foot, city-owned warehouse at 1769 W. Pershing Rd. in McKinley Park’s historic Central Manufacturing District complex. The proposals were submitted in response to an RFP issued last July.
The three proposals include a $121-million plan for a mix of uses, including 120 units of mixed-income housing; approximately 200,000 square feet of commercial offices, lab space and retail space; and exterior parking for 120 vehicles.
Another proposal calls for 114,000 square feet of commercial offices; 40,000 square feet of movie studio space; 13,500 square feet of retail space; indoor parking for 100 vehicles; and exterior parking. The third proposal entails 425,000 square feet of mixed-use commercial space and 40 mixed-income residential units. All three proposals also offer plans for an adjacent, 3.2-acre site.
DPD said a final decision could be reached by this summer.
The post Chicago Planning & Development Shortlists Three Proposals for McKinley Park Site appeared first on Connect CRE.
What's Your Reaction?
