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 | Oct 15, 2018
35-story mixed-use tower will be tallest residential building in Long Beach
Studio One Eleven designed the tower.
Mixed-Use | Oct 5, 2018
Newark’s first luxury residential tower in nearly 60 years officially opens
BLT Architects designed the project.
Mixed-Use | Oct 4, 2018
Four-story hotel and adjacent affordable housing community opens in California’s Sonoma County
Axis/GFA Architecture and Design was the architect for the project.
Mixed-Use | Sep 25, 2018
Dexter Yard to provide Seattle with 540,000 sf of mixed-use space
SkB Architects designed the development.
Mixed-Use | Sep 14, 2018
Six-story structure combines a parking garage with street-level retail
Eskew+Dumez+Ripple designed the structure.
Reconstruction & Renovation | Aug 22, 2018
Former shopping mall becomes mixed-use urban complex in Beijing
Schmidt Hammer Lassen Architects designed the project.
Mixed-Use | Aug 13, 2018
Florida mixed-use development uses wellness as the backbone of its design
Zyscovich Architects designed the project.
Mixed-Use | Jul 17, 2018
Water Street Tampa’s developer reveals details about this project’s public spaces
This $3 billion waterfront neighborhood will also include three hotels.
Urban Planning | Jul 6, 2018
This is Studio Gang's first design project in Canada
The building’s hexagonal façade will provide passive solar heating and cooling.
Mixed-Use | Jun 5, 2018
Seattle’s new mixed-use complex merges new construction with a repurposed 1921 funeral home
SkB Architects designed the complex.