The redevelopment plans are part of a city effort to bring more housing to the Loop
A rendering of the proposed development at 135 S LaSalle Street by Riverside Investment & Development and AmTrust called the Field Building that reveal retail space along Adams Street with new lighting, signs and sidewalks.
The office-to-residential conversions will invest $550 million downtown and are expected to bring more than 1,000 new apartments to the central business district, including 318 affordable units. The sites to receive financial support are located at 111 W. Monroe St., 135 S. LaSalle St. and 208 S. LaSalle St.
The redevelopments will receive a range of financial incentives — including tax increment financing dollars “As the Loop population continues to grow and the market leverages new housing opportunities in underutilized commercial spaces, these projects are laying a foundation for a dynamic, mixed-use corridor that serves all Chicagoans, regardless of their incomes,” said Maurice Cox, department of planning and development commissioner, in the news release.City rolls out plan to revive LaSalle Street corridor by developing 1,000 new apartments, including affordable unitsBuilt in 1910, 111 W. Monroe St.
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