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Chicago Sun-Times
Chicago Sun-Times
National
David Roeder

City backs 3 subsidized housing plans for La Salle Street corridor

The building at 111 W. Monroe St. would be converted to housing with a hotel on lower floors under a plan from Prime Group and Capri Interests. (Tyler LaRiviere/Sun-Times file photo)

Leaving her mark on a downtown redevelopment effort in the final weeks of her administration, Mayor Lori Lightfoot is naming three plans for mixed-income housing as eligible for city subsidies.

The decision advances ideas from two prominent developers to revitalize aging buildings along or near La Salle Street that have grand architecture but have fallen out of favor for office use. Taken together, the projects call for more than 1,000 housing units and more than $550 million in investment.

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