Frequently Asked Questions – E & S Development

City Council approves mixed-use development at 3664 N. Lincoln • Loyola University plans 6-story academic building at 6551 N. Sheridan • 44-unit mixed-use breaks ground at 1501 N. Ashland in Wicker Park • CTA opens rebuilt Red Line stations: Lawrence to Bryn Mawr • Chicago Avenue Bridge & Halsted Viaduct reconstruction begins • Bally’s casino tower crane installed at former Tribune site • Redevelopment of Briar Street Theater approved • Renovations begin at 1880 N. Milwaukee in Bucktown • XS Tennis Hotel & Residences project moves forward • 10-unit mixed-use approved at 2206 W. Lawrence in Lincoln Square

Frequently Asked Questions

1.What’s the difference between redevelopment and new-build construction?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

2.How long does a typical redevelopment project take?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

3.What are the core phases of a redevelopment project?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

4.Which permits and approvals should I budget for?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

5.How much will my redevelopment cost?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

6.What financing options exist?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

7.How do you handle environmental or hazardous-materials issues?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

8.What if my site is historically designated?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

9.How do you minimize disruption to neighbors or existing tenants?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

10.What should I look for in a redevelopment partner?

Redevelopment transforms or repurposes existing structures or sites (think adaptive reuse, brownfield remediation), whereas new-build means starting from scratch on a vacant or cleared parcel. Redevelopment often preserves community character and can unlock tax incentives, while new-build offers a blank-canvas design but may face fewer pre-existing constraints.

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