La Salle Street is a vital economic corridor, but it has suffered in recent years.
In her last few weeks in office, Mayor Lori Lightfoot announced three finalists have been chosen to create more than one-thousand mixed income units in the Loop corridor to address downtown vacancies and affordable housing.
Representing nearly 320 affordable units, and more than $550 million in total investments, the finalists were selected from nine developer responses to the city's invitation for proposals to re-purpose a portion of La Salle Street's five million square feet of vacant commercial space as mixed income housing.
The 318 affordable housing units the plan would be offered to tenants earning an average of 60 percent of the area median income or a little over $50,000 for a two-person household.
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