Earlier this month, an airy new Jewel-Osco at 61st Street and Cottage Grove Avenue in Chicago’s Woodlawn neighborhood was bustling with shoppers and employees.Read More
Although it is being billed as a “mixed-use” commercial development of the Washington Park National Bank Building in Woodlawn, it is still the demolition of a 95-year-old South Side landmark.
The deterioration of the once majestic structure is a testament to the neglect and abandonment that has existed in Woodlawn.Read More
Cook County Land Bank Authority announces development partner for decades long-vacant Washington Park National Bank Building after a year long community driven selection process.Read More
At the intersection of 63rd & Cottage Grove, developers are shaping Woodlawn’s future by curating its past.
With the Obama Presidential Center proposed for Jackson Park, the University of Chicago’s continuing development along 61st Street, and a myriad of other projects large and small, residents are asking: what will Woodlawn become? This is the third article in a series investigating the past, present, and future of the neighborhood. Read the first here, and the second here.Read More
Several recent home sales in Woodlawn broke the record for the priciest residential deals in the neighborhood. Three new-construction homes in the 6100 block of South Ellis Avenue traded for $708,000, $707,000 and $699,000, according to Midwest Real Estate Data. A year ago, the record was $599,000, and the neighborhood since notched six sales of $625,000 or more. Plans for the Obama Presidential Center in Jackson Park and the proximity to the University of Chicago have boosted property values in the area.Read More
One year ago this week, a new home that sold for $599,000 was the highest-priced home sold in Woodlawn. The upper end has risen by over $100,000 since then.Read More
The Jewel opened Thursday at 61st Street and Cottage Grove Avenue.
The excitement was palpable Thursday as lines of shoppers rushed past a throng of local dignitaries gathered at Chicago’s newest Jewel, a Woodlawn location that marked a milestone in the neighborhood’s redevelopment effort.Read More
When Mayor Rahm Emanuel cuts the ribbon for the grand opening of Jewel-Osco in Woodlawn on Thursday morning, he will be doing more than celebrating the first grocery store to open there in 40 years.
Emanuel will be fulfilling a promise he made in his inaugural term as mayor when he convened a summit on food deserts.Read More
Though laws and practices like head-rights and redlining are things of the past, they were parts of a systemic structure intentionally designed to aid some and debilitate others, and their repercussions are still felt.Read More
Being priced out of appreciating neighborhoods is not the housing affordability problem most Americans face. But they are facing one.Read More
This is the first in a two-part post on our nation's wealth gap and its historical roots in racist housing policy.Read More
With more than 8,700 census tracts designated as Opportunity Zones nationwide, the competition to receive funding from potential investors was a major focus of a conversation led by the Urban Institute. The question of who would benefit most from these investments marked a clear division between participants.Read More
Sharon McFeders had been working at YWCA Metropolitan Chicago for five years under three CEOs when Dorri McWhorter became its new leader. The organization was losing money and sight of its mission, and the spirit overall was "just drab," McFeders recalls. She viewed McWhorter's entrance with a touch of skepticism. "Dorri comes in and she's happy," McFeders says. The then-executive assistant thought, "What's up her sleeve? Is she going to trick us with the happy and then drop a bomb?"Read More
Chicago's Englewood community isn't inviting for even the most socially conscious real estate developers. In some parts of the crime-ridden South Side neighborhood, two-thirds of residents live below the poverty line, household incomes average less than $20,000 a year and violence clouds the prospect of any substantial economic development taking root.Read More
It’s the ultimate in irony: The world’s most famous ex-community organizer is facing a minor uprising from the community where his presidential center is supposed to be built—the same community, in fact, where he got his start in politics.Read More
Impact investing appears to have been seduced by a convenient narrative. According to the prevailing view, the achievement of both social impact and market-rate financial returns is the norm—not the exception. Those who question the financial returns aspect of this assumption are portrayed as lacking business savvy. “If we want to change things and we want to make an impact, we can’t be hippy-ish about this,” pop singer and philanthropist Bono said at the Skoll World Forum in April. “Impact investing has really been an excuse for good people to do bad deals.”Read More
The Cottage Grove station on the Green Line — minutes from the future home of the Obama Presidential Center — is set for a major facelift, Mayor Rahm Emanuel and other city officials announced Monday.
“We are investing in the future of the CTA, and in the future of Woodlawn,” the mayor said in a statement. “Investments like this one strengthen communities, attract private investment and drive neighborhood growth.”Read More
Yesterday during YWCA Metropolitan Chicago's annual meeting, CEO Dorri McWhorter announced a formal alliance with GRU and expressed her excitement of the infinite number of possibilities that are sure to come out of this union.
During his remarks, GRU's founder, Lamell McMorris spoke candidly about his connection to the neighborhood, his investment strategy and vision for creating a vibrant and prosperous community.Read More
After an increase in public investment in Woodlawn, the private sector has also begun to see major business opportunities in the neighborhood.
“The new grocery store targeted for this community, which has long suffered disinvestment, follows the arrival last fall of major grocery chains in two similar communities: Englewood, which saw the historic opening of a new Whole Foods store at 63rd and Halsted, and Bronzeville, which saw Mariano’s open at Pershing Road and King Drive.”
“Woodlawn is a community on the rise, growing for the first time in decades, and experiencing a slight drop in crime. U.S. Census data showed Woodlawn outpacing its fancy neighbor, Hyde Park, in growth between 2010 and 2015.”Read More
Qatari Sheikh Faisal bin Qassim Al Thani was “scared to death” to visit Chicago. In 2012, the sheikh, with a net worth of $2.4B, was drawn to investment opportunities in Chicago real estate, but even from his home 7,000 miles away he grimaced when watching the news on television.
Like so many others, he was deeply troubled by vivid news reports on CNN and Sky News depicting tragic shootings of children and violent gang turf wars. Despite the blaring headlines — and later condemnations from then President-elect Donald Trump, who called the city a “war zone” — Al Thani did ultimately visit the Windy City.
And what he found was altogether surprising. While gun violence has certainly ballooned, the city has become a national leader in foreign investment into commercial real estate — to the tune of nearly $12.5B in the last five years.Read More