The City of Chicago has selected Austin United Alliance’s proposal for the redevelopment of the Austin-Laramie State Bank site, which includes the historic Art Deco Laramie State Bank.
The bank building was originally built in 1929 and has an elaborate terra cotta facade and is considered an example of Art Deco ornamentation in Chicago. The building has sat vacant for nearly a decade.
The design proposes restoring the bank building to house a bank, a cafe, and the Chicago Blues Museum on the first floor and a business incubator on the second floor. The remaining vacant lots will be turned into a six-story, 76-unit mixed-income apartment building with a courtyard open to the public. The apartment building will house 53 tenants who earn 60% of the area median income. The remaining 23 units will be rented at market rate.
The project is part of INVEST South/WEst, a community improvement initiative to invest more than &750 million in public funding to reactivate 12 key commercial corridors in Chicago’s South and West sides.
Related Stories
Mixed-Use | Jul 24, 2019
Three-building development to rise on vacant parcel in Chicago suburb Arlington Heights
Tinaglia Architects designed the project.
Mixed-Use | Jul 23, 2019
Shanghai’s T20 stacks office and community space atop a plant-filled parking garage
Jacques Ferrier Architecture and Sensual City Studio designed the building.
Mixed-Use | Jul 19, 2019
Lendlease and Google to develop mixed-use neighborhoods in San Francisco Bay
The residential, retail, hospitality, and other civic components have an estimated development value of $15 billion.
Mixed-Use | Jul 18, 2019
POST Houston mixed-use development will include a five-acre “skylawn”
OMA is designing the project.
Mixed-Use | Jul 2, 2019
Brooklyn’s Flatbush Caton Market redevelopment will preserve the Caribbean community amidst gentrification
Freeform + Deform designed the building with Magnusson Architecture + Planning as the Architect of Record.
Mixed-Use | Jun 20, 2019
SOM-designed mixed-use tower opens in Sydney
The building is located in Sydney’s Central Business District.
Mixed-Use | Jun 13, 2019
Site of former Motorola headquarters will become a mixed-use district
UrbanStreet Group and Antunovich Associates are developing the master plan for the project.
Mixed-Use | Jun 3, 2019
12-story mixed-use development opens in Washington, D.C.
Cooper Carry designed the project.
Mixed-Use | May 28, 2019
Broward County Convention Center expansion to include Headquarters Hotel
Omni Hotels & Resorts will manage the County-owned hotel.
Mixed-Use | May 23, 2019
237-room hotel will anchor Nashville’s new $540 million mixed-use development
Chartwell Hospitality will operate the hotel.