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WILSON YARD
From Broadway Street (east) to the CTA Red Line tracks (west); Between Wilson Avenue (north) and Montrose Avenue (south), Chicago
Development Cost: $135 million (anticipated completion: 2008)
Community participation has shaped the direction of this former CTA rail yard which promises to become the ideal mix of retail, housing and eating establishments for the area. The project includes a two story, 180,000 square foot Target store, 178 apartments for both families and seniors, 700 parking spaces, and over 30,000 square feet of other retail and office space.
Funding includes TIF, developer and retail owners' equity, private loans, LIHTCs, and HOME, among other sources. Excellent access to public transit, a campus park, and a major rehabilitation of the CTA rail station planned in 2010 are just some of the amenities now emerging for this promising development.
Convenient shopping at the new Aldi and Target stores are just some of the amenities planned for this exciting new development.
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Company
Wilson Yard
