The development, called Hub 32, will span 78,000 square feet, stand seven stories tall, and include 63 units. It will offer apartments with rents affordable to those earning up to 60% of the area’s median income. The winning proposal was designed by Brooks + Scarpa and Studio Dwell. The site will also include ground-floor retail space, 16 exterior parking spots, and a public plaza for outdoor dining and gathering. The investors of the project include the Michaels Organization, KMW Communities, and TruDelta Real Estate. The group will be eligible for assistance from the city, including subsidies. 

In 2022, the city’s planning department invited proposals for the site and received more than 30 responses. These were narrowed down to three. Outgoing Chicago Mayor Lori Lightfoot celebrated the proposal’s inclusion of design features and amenities that reflect the desires of the community. She’s confident it will work to revitalize the surrounding area as an affordable, transit-oriented site. Construction of Hub 32 could begin in early 2024.