Chicago Committee on Housing and Real Estate Approves Multiple Property Sales and Lease Renewals
At a glance
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On March 5, 2025, the Chicago Committee on Housing and Real Estate approved several key measures including amendments to redevelopment agreements, lease renewals, designation of low affordability community, and sales of city-owned properties for housing, community gardens, and arts centers.
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Key decisions
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- Approved first amendment to Heritage Pointe II redevelopment agreement for sale of 9 city-owned lots to developers under the City Lots for Working Families Program at $1.00 per lot.
- Renewed lease agreement with Sticks Chicago LLC for property at 6348 S Archer Ave for $280,000/year for 10 years.
- Renewed lease agreement with Sit Stay Read! Inc for property at 2861 N Clark St for $1.00/year for 5 years.
- Designated 1310 S Ashland Ave as a Low Affordability Community.
- Approved sale of vacant city-owned property at 7524 S Emerald Ave to Academic Adventure Academy LLC for $8,637.
- Approved sale of city-owned property at 2929 W Washington Blvd to 2929 W Washington LLC for $97,422 for market-rate housing development.
- Approved sale of city-owned property at 629 N Parkside Ave to GSJ Family Life Center for $2,028 to develop a fenced community garden.
- Approved sale of 9 city-owned lots at W Lake St to Firebird Community Arts Support Corporation for construction of a community arts center, priced at $1.00 per lot.
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Meeting information
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Committee on Housing and Real Estate
Written public comment deadline March 4, 2025, 5:00 P.M.
Agenda
Agenda items not available.
Documents from this meeting
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/5632a186-0bcb-41d4-9ea6-edb398a12454.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/3cbd7588-aaf6-4138-940d-e11d0c8d5c08.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/2a101c4c-1d74-4aad-9dec-599a00022047.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/fdf03aed-2cc5-4678-9ea9-a4251c74e56d.pdf
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