Gazette Chicago: South State Street slated for major $141 million redevelopment plan

A Chicago developer is set to purchase a row of long vacant South State Street buildings that will undergo a $141 million redevelopment, creating new residential and retail space.

CA Ventures submitted a $10.38 million proposal to acquire 202, 212, 214, and 220 S. State St. from the federal government, according to the Office of Mayor Rahm Emanuel.

[…] CA Ventures and Keith Giles LLC plan to surpass the City’s requirement for 50% City of Chicago resident participation, 26% minority business enterprise (MBE) and 6% women’s business enterprise (WBE) participation. CA Ventures expects to use UJAMAA Construction, an MBE a well as a disadvantaged business enterprise (DBE), which will work with McHugh Construction as the general contractor team.

“Taking a proactive approach to providing opportunities for minorities and women is an essential element with any project, and the project team will establish and implement a results-oriented program to achieve MBE and WBE goals,” Smith said.

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By | 2017-08-08T14:20:13+00:00 August 4th, 2017|Media|0 Comments