City officials have narrowed the list of proposals that could get public subsidies for its proposed revitalization of La Salle Street, although projects under consideration still represent more than $1 billion in private investment and possibly more than 2,000 residential units.
The city’s Department of Planning and Development has emphasized residential as a way to bring life back to La Salle in the central Loop, once the heart of banking and financial markets in Chicago. The corridor has seen substantial upticks in office and retail vacancies. Officials hope to change what they’ve described as an office “monoculture.”
