Here’s What Developers Plan for Chicago’s “Priority Corridor”

Two finalists are vying for the right to redevelop a Roseland site in Chicago’s push for neighborhood revitalization.

The Chicago Department of Planning and Development is down to proposals from teams led by Phil Beckham and Juan Saldana’s P3 Markets and David Doig’s Chicago Neighborhood Initiatives to redevelop the site at East 115th Street and South Michigan Avenue, adjacent to a planned CTA Red Line station, Urbanize reported.

The finalists were paid $25,000 stipends to refine their proposals after the city received community input starting in 2022.

P3 Markets, along with The Michaels Organization and designers Brook Architecture, Studio Gang and Site Design, proposed Mosaic on Michigan. The project would center around a five-story building featuring 7,500 square feet of retail — including a grocery store, cafe, community art center and pop-up retail — alongside 46 mixed-income residential units.

P3, CNI Named Finalists for Roseland Development Site — Mosaic on Michigan and 1Fifteen at Michigan (Studio Gang, Brook Architecture, Getty)

The project’s first phase would cost $39 million, funded by tax-increment financing, low-income housing tax credits, City of Chicago funds and a ComEd affordable housing grant. Subsequent phases would add more retail, residential units and outdoor community spaces.

Chicago Neighborhood Initiatives, with the Far South Chicago Community Development Corporation and designers Beehyyve and Gensler, proposed 1Fifteen at Michigan Station. It includes a four-story building with a 15,000-square-foot anchor grocery store, an 8,000-square-foot market hall for small businesses and 58 affordable apartments.

Additional phases envision retail, residential and community space, including townhomes and walk-up apartments surrounding a community park.

1Fifteen’s initial phase is estimated to cost $48.3 million, supported by $15.8 million in tax credits, $26.7 million in government subsidies, $5.5 million in debt and $300,000 in philanthropic funds.

Both proposals emphasize sustainability and community connection and environmentally friendly elements, such as with solar panels, green roofs and rain gardens incorporated into their designs.

The city has opened the proposals to comment via an online survey. Residents can respond through March 21, but the city hasn’t said when the winner will be selected.

— Judah Duke