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Revised Redevelopment Agreement for Hudson House at 2222 S Michigan Ave

  • When: 2024/12/16
  • Address: 2222 S Michigan Ave, Chicago, IL
  • City: Chicago
  • State: IL
  • Category: Economic Development Incentives
  • Asset Class: Commercial
  • Property Type: Urban Office

The Chicago City Council approved a revised redevelopment agreement with Hudson Michigan Avenue Owner LLC for improvements at Hudson House, located at 2222 S Michigan Ave. The agreement includes tax increment financing (TIF) funds aimed at enhancing commercial infrastructure and fostering economic revitalization in the area.

Why it Matters

This decision facilitates critical infrastructure improvements for Hudson House, supporting economic growth and providing modernized office spaces in the South Loop area.

Source

Allowed Uses: The redevelopment project supports commercial and office improvements, including modernization efforts for mixed-use functionality.