The Lathrop Community Partners organization headed up by developer Related Midwest is set to meet with the Chicago Plan Commission tomorrow to present the redevelopment plan for the Julia C. Lathrop Homes public housing project. The plan for the 32-acre site was presented at a community meeting earlier this month, where it was revealed that 1,116 residences are planned for the site. According to Ald. Joe Moreno (1st) and the Lathrop Community Partners, the plan will be built in three phases, with the first one starting as early as this year. Of the residences planned for the redevelopment, 400 units will be for public housing, 222 will be affordable, and the remaining 494 will be market rate. However, a Lathrop Community Partners rep suggested at this month's meeting that some of these market rate rentals could become condos if market conditions change.
The Plan Commission agenda offers slightly different numbers than what was presented this month. Here's what's on the agenda:
The applicant requests a rezoning of the subject property to a C2-3 (Motor Vehicle-Related Commercial District) prior to establishing the Waterway Residential-Business Planned Development. The proposal will allow for the construction of two new mixed use buildings, the renovation of 14 existing structures, allow for 1,208 residential dwelling units and 50,000 square feet of commercial and retail space, establish multiple subareas, accessory parking, and accessory and incidental uses. (1st and 32 Wards) The plan also calls for a number of new outdoor community spaces and amenities. A two-acre "Great Lawn" park space will center the northern section of Lathrop, while new sections of riverwalk will follow the Chicago River south through the property. In all, the plan includes half a mile of pedestrian riverwalk and 11 acres of green space. And of the existing century-old buildings that currently stand on the sprawling property, 14 will be renovated and reused for housing. At this month's community meeting, the Lathrop Community Partners indicated that up to 20 of the existing building would be preserved. According to Alderman Moreno, the ambitious proposal has been in the works for the last 15 years. If the proposal moves forward as planned, work on the first phase could begin this year with completion expected by 2018.
·A First Look at the Lathrop Homes Redevelopment Plan [Curbed Chicago]
·Lathrop Redevelopment Could Include Riverwalk, Boat Launch [Curbed Chicago]
·Lathrop Homes Redevelopment Plan to Be Revealed Next Week [Curbed Chicago]