The Chicago City Council approved the sale of a city-owned parcel at 2929 W Washington Blvd to 2929 W Washington LLC for the development of a market-rate housing project. The sale was executed under the ChiBlockBuilder platform, a City initiative to streamline land disposition for private development that aligns with urban planning goals. Sponsored by Mayor Brandon Johnson, the land transaction enables the activation of vacant land in the East Garfield Park neighborhood. This deal reflects a strategic effort to attract private investment and residential development to historically underutilized corridors while balancing market activity with neighborhood needs.
This land sale facilitates reinvestment in an underutilized area through market-rate housing. It supports the City’s land disposition goals and stimulates residential growth on the West Side.