Third time’s the charm for PMG’s controversial Pilsen development?

The New York-based developer, who’s still suing the City of Chicago, reduced the number of units to 434 from 465 in its latest zoning application.

Nov.November 13, 2019 04:15 PM
A rendering of the “ParkWorks” site, Ald. Byron Sigcho-Lopez (25th) and PMG's Kevin Maloney (Credit: Getty Images)

A rendering of the “ParkWorks” site, Ald. Byron Sigcho-Lopez (25th) and PMG’s Kevin Maloney (Credit: Getty Images)

New York-based developer Property Markets Group is still trying to move forward with a scaled back version of its controversial “ParkWorks” project in Pilsen, all despite an ongoing lawsuit against the City of Chicago.

The developer initially pitched a 500-unit mixed-use residential and commercial development, then a 465-unit project, and now it has filed a zoning application for 434-unit building on a 7.2-acre site at 18th and Peoria streets.

Before PMG, led by Kevin Maloney, bought the vacant property in January 2017, former Ald. Danny Solis tried to block a residential development from being built on the site by rezoning it to its original industrial use. He said any project on the site must include more than 21 percent affordable housing, per Pilsen’s stringent affordable housing mandate, and be less dense than the developer’s initial 500-unit plan, according to DNAinfo.

PMG and Solis couldn’t come to an agreement, and in 2018 the developer filed a lawsuit against the city, claiming the alderman’s move in 2016 to rezone the site was illegal and unconstitutional, Crain’s reported.

Current Ald. Byron Sigcho-Lopez is a community organizer and former executive director of Pilsen Alliance, a vocal opponent of the project that has led multiple protests against PMG.

Sigcho-Lopez has promised to raise the benchmark for affordable housing from 21 percent to 30 percent in new apartment buildings.

PMG and Sigcho-Lopez didn’t immediately respond to requests for comment.

The vacant property has sat vacant for more than 16 years, according to Crain’s. It was previously owned by the Midwest Jesuits.

Related Articles

Lori Lightfoot (Credit: Getty Images and iStock)

Meet Lori Lightfoot’s new affordable housing task force

P3 Markets Principal Philip Beckham III and vacant lots at East 43rd Street and South Calumet Avenue next to CTA Green Line’s 43rd Street (Credit: Google Maps)

Next stop, millennials: Bronzeville transit-friendly resi project targets young professionals

The +Plus Homes house in Pilsen (Credit: Redfin, iStock)

Homes in Pilsen now cost $850K

The Foswyn Arms SRO at 5240 N. Winthrop Avenue (Credit: Google Maps)

Closure of North Side SRO sends residents into a “panic”

Good news for the suburban office market, officials seek additional oversight on megadevelopments: Daily digest

Good news for the suburban office market, officials seek additional oversight on megadevelopments: Daily digest

Building Group President and CEO Jim Stoller and the Lorali Hotel at 1039 W. Lawrence Avenue

After payouts, developer Jim Stoller plans Uptown SRO conversion

1926 West Harrison Street (Credit: Google Maps)

Unknown buyer pays $28M for redevelopment play in red-hot Illinois Medical District

Barack Obama and a rendering of the Obama Presidential Center (Credit: Getty Images)

Construction of Obama Presidential Center closer to reality despite community concerns