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Real Estate and Development

Sweet: Two close advisers tapped to lead Obama library push

Developer of West Loop apartment tower lands $70 million loan

Noted architect Jeanne Gang to design new U of C residence hall

Clark Street task force to highlight 'ugly' street's problems Thursday

Lathrop Community Partners and CHA to unveil Lathrop Homes master plan

Rehabilitation Institute of Chicago construction begins

Chicago homes sales, prices continue gains in June

Gov. Quinn: deadline for foreclosure help looms

Sweeping old Main Post Office project clears Plan Commission

The Chicago Plan Commission unanimously approved on Thursday a massive and long-anticipated $1.5 billion residential and retail development at the old Main Post Office in the West Loop, a building that has sat vacant since 1996.

Phase one of the project includes a 1,000-foot tower, 2,155 rental units, 300,000 square feet of retail space, 500,000 sqaure feet of office space, and a 321-room hotel, among other features. Phase two of the project includes the construction of a 170-story structure slated for mostly residential use.

Infrastructure Trust energy retrofit plan crawls ahead

The Chicago Infrastructure Trust Board of Directors inched forward on Friday a financing plan to provide energy retrofits for Chicago Public School buildings as well as structures run by the city’s Department of Water Management and Department of Fleet and Facility Management.

The five-member board authorized a request for proposals to consulting companies to review their unique financing plan. If an outside contractor green-lights the financing strategy, the Trust anticipates that the City Council could approve the energy retrofit financing this fall.