Chicago's Land Bank Growing Up to Larger, Mixed-Use Projects

Published on
October 8, 2019

Located at the southwest corner of 63rd Street and S. Cottage Grove Avenue, beneath the terminus of the Chicago L’s Green Line, the Washington Park National Bank Building is a microcosm of the surrounding Woodlawn neighborhood, from its early prosperity followed by a long, slow period of disinvestment and decline. Constructed in the 1920s, by 2015 the building had been vacant for around forty years, with a tree growing through the roof, a flooded basement, and $3.7 million in delinquent property taxes. Maybe not a developer’s first choice of property. But the Cook County Land Bank Authority saw opportunity.

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