Developers proposed more than $1 billion in renovations to classic downtown buildings along and near La Salle Street in response to an offer of public subsidies, city officials disclosed.
The redevelopment plans involve seven buildings in the central Loop, and most would convert space from office to residential use. The proposals were replies to Mayor Lori Lightfoot’s call last September for ideas that would energize the city’s longtime financial district, with an emphasis on affordable housing.
