Chicago’s La Salle Street, a distinguished corridor suffering from high commercial vacancies, could be energized by converting some classic buildings to residential use, with an emphasis on affordable units, city officials say in a document issued Monday.
Called an “invitation for proposals,” the planning document amounts to a bold nudge to building owners along and near the street to consider residential conversions and other fresh uses that would bring life to the historic street. For landlords willing to take the chance, the city is dangling financial incentives for the work, including tax-increment financing.
