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Date Authorized: 12/17/2003 |
Units of Affordable Housing: 0 |
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Developer: Shubert Hotel Associates LLC |
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Description: |
Restoration of the Majestic Building and restore Shubert Theater; use building for a moderately priced 128-room hotel; building will become a Chicago landmark |
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Private Investment: $23,963,400.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $6,000,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 10/31/2001 |
Units of Affordable Housing: 0 |
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Developer: Dearborn Center LLC |
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Description: |
57 story office, retail and parking; |
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Private Investment: $327,000,000.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $10,000,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 09/05/2001 |
Units of Affordable Housing: 0 |
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Developer: One South State, LLC |
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Description: |
Rehab interior & facade of Carson Pirie Scott & Haskell-Barker-Atwater buildings, develop 300,000 SF office space & upgrade mech. systems. Amended 9/5/01 (p 22994) City aqquires prop adjacent to Carsons (HBA building); create separate office component |
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Private Investment: $63,415,586.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $5,500,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 06/27/2001 |
Units of Affordable Housing: 0 |
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Developer: Art Institute of Chicago |
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Description: |
$1,000,000 grant to Art Institute to reimburse Tif-eligible expenses used to construct theater space; Amendment to 11/23/98 red. agreement (Butler Building on State St., north of Randolph sold to Art. Ins. for dorm renovation, 12/21/98). |
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Private Investment: $0.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $1,000,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 03/28/2001 |
Units of Affordable Housing: 0 |
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Developer: Michigan Wacker Associates |
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Description: |
Renovation of Mather Tower, 75 E. Wacker Dr.
TIF funds pay for stabilization of exterior; Fuinds from bonds (series 1997B $91 million bond issue or Series 2000, $250 million bond issue. Renovation to include reconstruction of the building's cupola. |
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Private Investment: $9,200,000.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $1,500,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 07/19/2000 |
Units of Affordable Housing: 0 |
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Developer: EthnicGrocer.com |
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Description: |
Subsidy pays for improvements to the 12th floor space leased by this startup e-retailer. Douglas Eliman Beitler owns the building; Ethnic Grocer has downsized and moved to smaller quarters on Hubbard St. in 2001 (Parent: TransEthnic Link, Inc.) |
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Private Investment: $2,548,918.00 |
Promised Jobs Created: 200 |
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TIF Assistance: $1,148,255.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 03/15/2000 |
Units of Affordable Housing: 59 |
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Developer: American Invesco/182 W Lake St |
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Description: |
Parkway National Bank acquired historic Trustees System Services Building and sold it to developer to renovate space into 293 rental residential units (flrs. 3-28, 20% affordable) plus 1st and 2nd floor retail/office; 6/25/03: renovation complete, apartments being marketed |
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Private Investment: $36,150,400.00 |
Promised Jobs Created: 10 |
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TIF Assistance: $7,000,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 01/12/2000 |
Units of Affordable Housing: 0 |
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Developer: St. George Hotel, LLC and HRH Development LLC |
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Description: |
Rehab Carbide and Carbon building into Raddison Hotel (later-- Hard Rock Hotel); demolish 222 N. Michigan and construction new building for hotel use. |
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Private Investment: $76,200,000.00 |
Promised Jobs Created: 285 |
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TIF Assistance: $5,000,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 11/17/1999 |
Units of Affordable Housing: 0 |
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Developer: 1 N. Dearborn LLC/Sears/Douglas Elliman Beitler |
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Description: |
Sears will lease first four floors as deparment store and renovate 1st and 2nd floor facades. Developer will also rehabilitate existing office space, roof, mechanical, etc. of 17-story, 900,000 sq. ft. building. Also, $30 million to neighborhood stores. |
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Private Investment: $124,055,809.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $13,515,833.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 11/03/1999 |
Units of Affordable Housing: 0 |
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Developer: Mentor Building LLC/Joseph Freed & Assoc. |
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Description: |
Renovation and rehab of historic Mentor Building. Retail on floors one and two, office or residential on floors two and three, fitness center in basement, condominiums in upper floors of 17-story building. |
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Private Investment: $9,006,161.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $2,500,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 05/12/1999 |
Units of Affordable Housing: 0 |
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Developer: Fisher Building LLC/Kenard Corp. |
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Description: |
Renovate and rehab historic Fisher Building into residential/commercial building with 184 residential apartments, 6,275 sq. ft. of first-floor retail space, and 8,200 sq. ft. of office or commercial space on second floor. Complete by 12/31/00. |
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Private Investment: $27,280,973.00 |
Promised Jobs Created: 10 |
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TIF Assistance: $6,600,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 05/12/1999 |
Units of Affordable Housing: 0 |
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Developer: 330 S. Michigan LLC |
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Description: |
Renovation and rehabilitation of lower 14 stories into office space, upgrade sprinkler/safety system, construct first-floor retail space, and parking. |
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Private Investment: $21,308,030.00 |
Promised Jobs Created: 280 |
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TIF Assistance: $2,030,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 05/12/1999 |
Units of Affordable Housing: 0 |
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Developer: Chicago Information Technology Exchange |
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Description: |
Acquire and rehab 18-story, 121,000 sq. ft. building and convert it into a high-tech incubator with information technology infrastructure designed to attract new and established small technology companies. Completed by 12/31/01. Also first-floor retail. |
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Private Investment: $28,521,000.00 |
Promised Jobs Created: 285 |
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TIF Assistance: $8,000,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 12/02/1998 |
Units of Affordable Housing: 0 |
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Developer: American Youth Hostels -- Chicago, Inc. |
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Description: |
Redevelop 7-story building into 250-bed youth hostel and 120 dorm rooms for Columbia College. Also an international student center, ground-level retail, new sidewalk vaults and landscape improvements. |
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Private Investment: $10,500,000.00 |
Promised Jobs Created: 25 |
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TIF Assistance: $3,500,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 09/09/1998 |
Units of Affordable Housing: 0 |
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Developer: Oxford House Hotel/Chicago Oxford Associates |
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Description: |
Rehabilitate Oxford House Hotel into a "four-star" 191 room hotel, Hotel Monaco, with 5000 sq. ft of meeting space, an upscale restaurant, and a parking garage. Also, developer will donate $25,000 for a "Green Machine" street cleaner. |
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Private Investment: $25,800,000.00 |
Promised Jobs Created: 70 |
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TIF Assistance: $1,700,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 06/10/1998 |
Units of Affordable Housing: 0 |
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Developer: Canal Street Hotel Partners LP |
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Description: |
Construct "first class boutique hotel" and restaurant and complete historic preservation and rehabilitation of the Reliance Building. Hotel will be called the Burnham Hotel. |
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Private Investment: $19,325,000.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $2,500,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 12/10/1997 |
Units of Affordable Housing: 0 |
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Developer: Hotel Allegro/Palace Theater -- Palmet Venture LLC |
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Description: |
Renovate 483-room Bismarck Hotel (renamed Hotel Allegro), 2,350-seat Palace Theater, renovate Metropolitan Office Building, and make improvements to sidewalk and building façade. |
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Private Investment: $60,100,000.00 |
Promised Jobs Created: 456 |
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TIF Assistance: $17,600,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 03/26/1996 |
Units of Affordable Housing: 0 |
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Developer: Oriental Theater/Livent Realty (Chicago) Inc. |
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Description: |
Renovate the 2,180-seat Oriental Theater, construct 7,000 sq. ft. of retail space, and rehabilitate the façade of the Oliver Building |
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Private Investment: $15,000,000.00 |
Promised Jobs Created: 1780 |
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TIF Assistance: $17,000,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 11/10/1994 |
Units of Affordable Housing: 0 |
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Developer: Baldwin Devleopment Co. (II) -- Reliance Building |
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Description: |
Phase II: Resotration of terra cotta façade on north and west sides of building, masonry work on south and west sids, work on roof cornice, replace windows, reconstruct sidewalk vaults, build first-floor retail space, reroofing & asbestos removal. |
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Private Investment: $0.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $6,668,713.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 12/15/1993 |
Units of Affordable Housing: 0 |
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Developer: Baldwin Development Co. (I) -- Reliance Building |
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Description: |
Phase I: Study of exterior envelope of historic Reliance Building, a 14-story office building. Redevelopment agreement specifies Baldwin will be reimbursed for study costs up to $520,000. Daley & George and McClier Corp. also involved. |
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Private Investment: $0.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $1,720,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 05/16/1990 |
Units of Affordable Housing: 0 |
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Developer: Chicago Theater Group/Linpro Chicago Land Ltd. Partnership/Goodman Theater |
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Description: |
Linpro was to acquire theaters and donate them to the City, which would lease them to Linpro. City then enters into an agreement with the Chicago Theater Group (Goodman Theater) to rehab the theater. |
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Private Investment: $40,783,000.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $18,800,000.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 10/15/1987 |
Units of Affordable Housing: |
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Developer: Prime Group (Baird & Warner/Higginbottom/Stein & Co. |
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Description: |
Mixed apartment, retail, and office development. Also public improvements including pedestrian bridges across Clark and Dearborn, sidewalk vaults, landscaping, street paving, curbs and gutters, etc. |
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Private Investment: $200,000,000.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $600,000.00 |
Promised Jobs Retained: 4700 |
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Date Authorized: 09/23/1987 |
Units of Affordable Housing: 0 |
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Developer: FJV Venture |
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Description: |
Execution of unspecified redevelopment agreement for Block 37; 2002: After many failed attempts to finalize and execute a development plan, the City is purchasing the property back from FJV and seeking new developers |
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Private Investment: $0.00 |
Promised Jobs Created: 0 |
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TIF Assistance: $33,972,993.00 |
Promised Jobs Retained: 0 |
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Date Authorized: 03/25/1986 |
Units of Affordable Housing: 0 |
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Developer: Block 16 Hotel Associates/John Buck/CTF Chicago Hotel Ltd. Partnership |
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Description: |
1: Hotel/retail structure including at least 600 rooms/400 suites (Renaissance Hotel). 2: Office tower, 900,000 sq. ft. Public improvements: sidewalk vaults, pedestrian bridge, curbs, gutters (Leo Burnett Building). |
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Private Investment: $250,000,000.00 |
Promised Jobs Created: 400 |
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TIF Assistance: $1,850,000.00 |
Promised Jobs Retained: 5300 |
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