Lightfoot celebrates construction start on first project designed to boost investment on South and West Sides | Chicago News

Chicago Mayor Lori Lightfoot broke ground on a 58-unit apartment complex Wednesday, Aug. 24, 2022. (Chicago Mayor’s Office)

Nearly two years after Mayor Lori Lightfoot unveiled her plan to reverse decades of disinvestment on the South and West Sides, city officials broke out the golden shovels and turned the first ceremonial piles of dirt Wednesday.

The first of 10 developments planned as part of Lightfoot Invest South/West to begin construction is a 58-unit apartment complex to be built near 79th and Green streets in Auburn Gresham. All of the apartments will be set aside for low- and moderate-income Chicagoans, with rents ranging from $925 a month to $1,250 a month, officials said.

Maurice Cox, commissioner of the city’s Department of Planning and Development, told Chicago Tonight on Wednesday that the original proposal called for a five-story building that drew sharp criticism from the community.

“The community thought it was out of context, too dense for one place, so we started over,” Cox said.

The revised proposal was “better for everyone,” Cox said.

The building at 838 W. 79th St. will include an AYO Foods store, which sells West African foods, and the building at 757 W. 79th St. will include the new home of the KLEO Community Center and the Park Supper Club, officials said.

The $43 million development will receive approximately $39 million in city financing, including a discount on the sale price of the long-vacant land, which was owned by the city, officials said.

The project is a transit-oriented development, meaning there will only be 28 parking spaces.

Revealed by Lightfoot in October 2020, Invest/South West was brought down – along with the rest of the mayor’s agenda – by the COVID-19 pandemic, which caused an economic collapse, record levels of violent crime and civil unrest.

This complicated the mayor’s ambitious effort to address the root causes of crime, poverty and population loss in Chicago’s Black and Latino neighborhoods.

The program calls for the city to spend $750 million in public money by October to address underlying problems that have plagued South and West Side communities for decades, including a lack of jobs and few inviting places to shop, gather and entertain. .

Invest South/West bets that private investment will be attracted to Auburn Gresham, North Lawndale, Austin, Englewood, Humboldt Park, Quad Communities, New City, Roseland, South Chicago and South Shore by city investment, enabling “catalytic developments “. officials said.

The program has attracted $2 billion in private investment, Lightfoot said Wednesday.

The program’s first order of business was to identify 12 commercial corridors in those communities that could serve “as focal points for pedestrian activity, shopping, transportation, public spaces and other quality-of-life amenities for local residents,” according to officials. .

Before the end of the year, Invest South/West projects are slated to open in Englewood, Austin, Humboldt Park and North Lawndale, officials said.

The project’s progress turned into an impromptu campaign rally for Lightfoot, who is running for re-election against seven announced challengers. The hour-long event ended after Imagine Group principal Torrey Barrett, one of the project’s developers, let out a cheer for “four more years” after endorsing Lightfoot for re-election.

Lightfoot said she was not “false” about her commitment to bringing new resources to the south and west sides after decades “without a partner in the mayor’s office.”

Her voice rising and falling with emotion, Lightfoot again defended her decision to focus on development on the South and West Sides from unnamed critics who she said urged her to follow the path set by former Mayor Rahm Emanuel and focus on downtown.

“We knew we had to do the opposite of that,” Lightfoot said, adding that she was determined to ensure that residents of the South and West Sides lived in neighborhoods with places to shop, work and play. are within walking distance, like those. on the north side.

Contact Heather Cherone: @HeatherCherone | (773) 569-1863 | [email protected]

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