Four years after an unsuccessful push to redevelop obsolete industrial buildings it owns on Pershing Road, Chicago officials are giving it another shot.
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City officials are moving forward with approvals of an affordable housing development in Englewood that would arise alongside other improvements near the community’s traditional crossroads of 63
rd and Halsted streets.
The housing proposal would cover parcels along Halsted southwest of 61
st Street. The vacant land has been city-owned for decades. A Housing Department report said it has environmental challenges because a car repair and painting shop operated there long ago.
Officials have struck a deal with Keith B. Key Enterprises, a developer based in Columbus, Ohio. In a $20.9 million proposal, Key has agreed to build a five-story building containing 56 apartments, all but 16 subsidized to appeal to lower-income renters.