Chicago Transit-Friendly Development at CTA Stations
The City of Chicago, in conjunction with the Chicago Transit Authority (CTA), looked at three elevated train station areas (Berwyn on the Red Line, 43rd Street on the Green Line and a potential infill station near Cermak on the Green Line) and developed comprehensive land use (urban design) and transportation plans for each station. This study was an important first step in the citywide effort to strengthen the relationship between land use and transportation, plan for neighborhood growth and enhancement, inform future development and redevelopment decision-making, and guide public and private investment in three station areas.
The new Cermak-McCormick Place Green Line Station, funded with $50 million in City TIF funds, opened for service in February 2015. A new entertainment district between McCormick Place and the station has been developing since 2015, including the new Wintrust Arena and four new hotels, three of which provide a connection via a skybridge to McCormick Place's west building.
A 24-story, 275-unit building in the McCormick Square area and one block from the station wasa completed in 2020 and the same developer is seeking zoning approval to construct a 12-story apartment building immediately south of it, at Wabash and Cermak.
The Chicago Housing Authority has engaged a developer to redevelop the site of the former Harold Icks Homes at State and Cermak, directly across State Street from the green line station. The new development, named Southbridge, will be mixed-income, mixed-use and will include retail space as well as up to 900 rental and for-sale housing units. Phase I, which includes two mixed-use residential buildings, was completed in 2022.
| Source | Amount |
|---|---|
| RTA | $200,000 |
| Local | $50,000 |