Regions Midwest | Chicago
May 14, 2008
Source: Crain's Chicago Business
Chicago development officials have given their approval to an increased subsidy for a Michigan developer who wants to convert a landmark Loop office building into apartments. On Tuesday, the Chicago Community Development Commission voted for $20 million in tax-increment financing for the project spearheaded by Village Green Cos. -- an amount $12 million higher than originally intended.
Based in Farmington Hills, Mich., Village Green is seeking to redevelop the 45-story office tower at 188 Randolph St. into 313 apartments, 20 percent of which will be affordable housing. The building was originally constructed in 1930 and has recently fallen into a dilapidated state, according to Crain's Chicago Business.
Source: Crain's Chicago Business
Chicago development officials have given their approval to an increased subsidy for a Michigan developer who wants to convert a landmark Loop office building into apartments. On Tuesday, the Chicago Community Development Commission voted for $20 million in tax-increment financing for the project spearheaded by Village Green Cos. -- an amount $12 million higher than originally intended.
Based in Farmington Hills, Mich., Village Green is seeking to redevelop the 45-story office tower at 188 Randolph St. into 313 apartments, 20 percent of which will be affordable housing. The building was originally constructed in 1930 and has recently fallen into a dilapidated state, according to Crain's Chicago Business.
Recent Chicago Headlines
July 02, 2008
July 01, 2008
June 27, 2008
June 26, 2008
June 25, 2008