Construction on United Yards IB in Chicago has begun. The $58 million mixed-use project which is being built by Celadon Blackwood Limited Partnership, will revive the core of the Back of the Yards neighborhood.
The project is part of the Mayor’s INVEST South/West initiative and contains numerous new and renovated commercial and residential structures close to the intersection of 47th and Ashland.
Implementation of the United Yards IB project in Chicago
In its first phase, the project will involve the conversion of a former Goldblatt’s showroom at 4700 S. Ashland Ave. into a 15,000-square-foot, federally certified health center. The health center will offer primary care services to all patients, regardless of their capacity to pay.
As part of United Yards’ $17.9 million first phase, La Selva Clothing Company, Back of the Yards Coffee, Back of the Yards Barbershop, and Aracely’s Bakery will all have retail space totaling about 7,200 square feet. Work will also be carried out on a 6,500-square-foot structure at 1641 West 47th Street. This will be home to Somos Monos Cerveceria.
This phase of United Yards IB in Chicago is anticipated to provide 40 permanent full-time jobs owing to $5 million in Tax Increment Financing provided by the Department of Planning and Development (DPD).
The second phase
The $40 million second phase of the United Yards IB project in Chicago consists of a 51-unit affordable apartment complex at 1515 West 47th Street. Additionally, a 7,000-square-foot technology training facility for minority entrepreneurs. There will also be two affordable three-flats at 4706-08 South Marshfield Avenue.
For renters making up to 60% of the typical income for the area, every residential unit in phase two will be within reach. United Yards’ first two phases are now undergoing initial construction. Both phases are anticipated to be finished by the end of 2024.
Mayor Lightfoot remarked, “This groundbreaking represents yet another significant turning point in our INVEST South/West journey to rehabilitate our disadvantaged neighborhoods.