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Chicago Tribune
Chicago Tribune
Business
Lizzie Kane

As real estate giant prepares to open first office on Chicago's South Side, residents feel torn about the influx of development

CHICAGO — Since moving to Bronzeville in 2007, Vanessa Harris has seen the many vacant lots in the South Side neighborhood get scooped up by developers and turned into $800,000 townhomes, some of them right outside her window.

A retired state employee, Harris, 66, bought her two-flat for $231,000 through the city’s New Homes for Chicago program, an initiative to help low- and moderate-income households purchase newly constructed homes.

Now, within the next year or two, she said she may be forced to leave the neighborhood — her property tax bills are becoming too difficult to afford.

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