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 | Sep 30, 2021
The Laurel Rittenhouse Square is set to be Philadelphia’s tallest residential tower
Solomon Cordwell Buenz designed the project.
Glass and Glazing | Sep 30, 2021
Plans move forward on Central Place Sydney, duel towers with an AI-driven façade system
SOM and Fender Katsalidis are designing the project.
Mixed-Use | Sep 28, 2021
BIG designs new Farfetch HQ on the slopes of Leça River in Porto
The project is situated within the larger Fuse Valley site.
Mixed-Use | Aug 19, 2021
COVID-conscious, pandemic-ready skyscraper breaks ground in Miami
The project will be part of Miami Worldcenter.
Mixed-Use | Aug 4, 2021
Diamond Schmitt to lead design for Therme Canada | Ontario Place redevelopment
The project will be a year-round waterfront destination.
Mixed-Use | Aug 2, 2021
AT&T Discovery District is Dallas’ newest mixed-use destination
Gensler designed the project.
Mixed-Use | Jul 16, 2021
SOM to lead the design of the 2026 Milan-Cortina Olympic Village
The project is part of the updated Porta Romana railway yard master plan.
Multifamily Housing | Jul 15, 2021
Greystar’s The Pullman is a new mixed-use apartment community in Denver
The Mulhern Group designed the project.
Mixed-Use | Jun 30, 2021
Design details released about new development in Seattle’s vibrant Belltown district
Connecting the building, called Archetype, to the street, neighborhood, and bay is a key imperative.
Mixed-Use | Jun 21, 2021
Design team of Gensler and Manning selected to design The River District
The mixed-use neighborhood will be built along the Mississippi River in New Orleans.