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Invest South/West Webinar City of Chicago Presentation
- 1. INVEST SOUTH/WEST RFP OVERVIEW CITY OF CHICAGO DEPARTMENT OF PLANNING & DEVELOPMENT (DPD)
- 2. INVEST South/WestRFPsOverview Informational Presentation The INVEST South/West (ISW) Request for Proposals (RFPs) solicit development proposals for City-owned land Traditionally, RFPs simply provide details regarding the subject property (e.g., size, zoning, appraised value) and a brief indication of the preferred use (e.g., residential development) The INVEST South/West RFPs go one step further and illustrate the desired urbanism of the site as well as a more robust description of uses desired by the community The ISW RFPs are also built on an understanding of available incentives and partner those incentives with the proposed development to ensure high-level financial feasibility 2 What are the ISW RFPs?
- 3. INVEST South/WestRFPsOverview Informational Presentation 3 Start with three RFPs in August, which become template for all other regions Initial RFPs 1. Austin Chicago Ave & Laramie Ave 2. Englewood 63rd & Halsted 3. Auburn Gresham 79th & Halsted Future RFPs released every 3 months starting August 2020 1 3 2 Implementing INVEST South/West
- 4. Initial threepackagesof city-owned land in Austin, Englewood,and Auburn Gresham Englewood 63rd and Halsted (incl. Englewood Firehouse) 260K sq. ft Austin Chicago and Laramie (incl. Laramie State Bank building) 34k sq. ft Auburn Gresham 79th and Halsted 28K sq. ft Further details included on following pages 1 2 3
- 5. Full details to be released in RFP package Existing assets and ongoing investment • Existing community assets and plans: • LaramieState Bank Building (partofRFP package) is a dedicated ChicagoLandmark • Tremendous local spending potential (currently unmet bylocal retailers –estimated $159M in annual retail leakage) • ~200 acres of nearby parks • Numerous schools, libraries, and non-profit community centers within walking distance • Aboldcommunity vision convened byAustin Coming Together in 2018’s Quality-of-Life Plan • Ongoing investment: • Streetscape improvements along ChicagoAve (e.g., lighting, sidewalks, Divvystations, paving,etc.) and $11M morecommitted • $17M ChicagoAve streetscape study • $32M committed toChicago Ave e-bus • $200K toShenique Smith art installation in nearby Chicago/Austin bus turnaround • Recent improvements to Austin Town Hall 34Ksquare feet atLaramie and Chicago in Austin Mix of potential residential and commercial space Adaptive re-use of Landmark Laramie StateBank Austin
- 7. INVEST South/WestRFPsOverview Informational Presentation Market Area Demographics 9/15/2020 9,516 Households $32,657 Median Income 3.01 Households Size 29.8% Owners 52.5% Renters 17.7% Vacant Units Race Source - 2019 Esri estimates based on U.S. Census Two or More Races, 1.6% White , 3.1% Other, 3.4% Hispanic Origin, 6.2% Black , 91.7% Average age of buildings with available construction data in the Study Area 102 years
- 8. 9/15/2020 Grocery Stores Health & Personal Care Stores $ -8.80 M $ -8.25 M Leakage Supportable SF on Corridor 16,300 sf 16,650 sf "We Would Shop Here If We Could" $ -159.5 M Total Retail Leakage In Austin Austin Quality of Life Plan 2018
- 9. INVEST South/WestRFPsOverview Informational Presentation 9 DevelopmentConcept Austin - Opportunity Site 2 Perkins + Will
- 10. INVEST South/WestRFPsOverview Informational Presentation 10 DevelopmentConcept Austin - Opportunity Site 9 Perkins + Will
- 11. INVEST South/WestRFPsOverview Informational Presentation 11 Austin - Opportunity Site 7 Perkins + Will
- 12. INVEST South/WestRFPsOverview Informational Presentation 12 Austin - Opportunity Site 7 Perkins + Will
- 13. Auburn Gresham A walkableand active 79th street 3-5 Minutewalkareas Calumet High School Reactivatio n 79th Street Metra Station Renewable Energy and Urban Farming Campus 839 Healthy Food Hub
- 15. INVEST South/WestRFPsOverview Informational Presentation 15 DevelopmentConcept Auburn Gresham - Opportunity Site SOM
- 16. INVEST South/WestRFPsOverview Informational Presentation 16 DevelopmentConcept Auburn Gresham - Opportunity Site SOM
- 17. INVEST South/WestRFPsOverview Informational Presentation 17 Englewood Square Phase II
- 18. INVEST South/WestRFPsOverview Informational Presentation 18 DevelopmentConcept Englewood - PackageC SCB
- 19. INVEST South/WestRFPsOverview Informational Presentation 19 DevelopmentConcept Englewood - PackageC SCB
- 20. 20 Achieve Design Excellence MayorLoriE. LightfootlaunchedINVESTSouth/Westas a transformative approachtoreinvesting equitablyin thefabricof Chicago’sSouthand WestSide neighborhoods.This list will do agreatdeal topromotethe qualificationsofestablished andemerging firms thatreflect the diversity of thecityof Chicago—firmsuniquely positionedtoplayan importantrolein this work
- 21. 9/15/2020 Achieve Design Excellence PRIORITIZE INCLUSIVE DESIGN PROCESSES TO FOSTER EQUITABLE DEVELOPMENT ESPERANZA HEALTH CAMPUS BRIGHTON PARK - JGMA
- 22. Construction Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 Negotiations & PrepEval Responses Developed 2022 2023 Aug 2020 Release – Austin, Auburn Gresham, Englewood ConstructionNegotiations & PrepEval Responses Developed Nov 2020 Release – N. Lawndale, South Chicago, Bronzeville, New City ConstructionNegotiations & PrepEval Responses Developed Feb 2021 Release – Humboldt Park (North Ave.), South Shore ConstructionNegotiations & PrepEval Responses Developed May 2021 Release Humboldt Park (Chicago Ave.), Bronzeville, Roseland (Michigan Ave.) Englewood RFP releasetimeline