As the Milwaukee Avenue boom continues to add thousands of new apartments to the city’s North Side, the Chicago Transit Authority is hoping to get in on the action. A formal request for Proposals (RFP) was issued this month for the CTA-controlled property at 2525 N. Kedzie Blvd. It seeks a private firm to redevelop the sizable plot of land near the Logan Square Blue Line stop.
The agency appears to be actively pushing for a larger project that would take full advantage of Chicago’s expanded Transit-Oriented Development (TOD) Ordinance. At more than 43,000 square feet, the parcel has a moderately dense (B3-3) zoning designation and could support a multi-story, mixed-use development consisting of residential units above ground floor commercial space.
Located 600 feet from the Logan Square Blue Line station, the site is currently improved with an unremarkable single-story brick commercial building. Tenants First Midwest Bank and City Lit Books have leases in place through March, reports DNAinfo. According to the RFP document, the CTA will accept proposals through November 28th and hopes to have a redevelopment plan approved by February.
The CTA property is located just northwest of the mixed-use Logan's Crossing development in the works for the former Megamall site. The nearby Grace’s Furniture building is in discussion to be redeveloped as a boutique hotel.
- Huge Development Could Be Coming To CTA Land Near Logan Blue Line Stop [DNAinfo]
- Milwaukee Avenue's transformative development boom, mapped [Curbed Chicago]
- Previous Logan Square coverage [Curbed Chicago]