Cabrini-Green area poised for substantial change

The Cabrini-Green area has been the subject of intensified interest on the part of developers recently, including Ranquist Development’s planned 47-rowhome Basecamp River North project, and Fifield Companies‘ proposed 31-story, 333-unit apartment tower at Chestnut and Orleans (site pictured above).

The Chicago Housing Authority recently released its draft plan (pdf) for the redevelopment of the remaining 65 acres of Cabrini-Green. The plan contemplates a variety of initiatives on the site, including retail and residential development that could result in as many as 2,800 new housing units.

A year ago Crain’s Chicago Business wrote an article headlined “Developers stampede River North with apartment projects.” Given the attractiveness of Cabrini-Green’s location, it’s likely that a real stampede is about to begin as developers vie for the right to build on the Cabrini parcels.

Trivia: If you download the CHA’s draft plan for Cabrini-Green, you’ll see an aerial photo licensed from YoChicago on the cover. You can see more of our aerial photography at Flickr.

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