Land Sale Proposed for Grand Boulevard Mixed-Use Building

Land Sale Proposed for Grand Boulevard Mixed-Use Building

A long-vacant site in the heart of Bronzeville would be transformed as artist live/work spaces, a restaurant and performance venue through a City land sale proposed to City Council today by Mayor Brandon Johnson.

Consisting of .52-acres at 452-56 E. 47th St. and 4640-52 S. Vincennes Ave., the land would be sold to Revere Properties Development LLC and developed as a $21.5 million, five-story building that includes a public plaza along the sidewalk. The restaurant, a cocktail bar and a 42-seat screening room would be located at ground level and the performance space would occupy the second floor with seating for 190 patrons. The upper floors would include four apartments on each level. Parking for 15 cars would be provided on-site.

The site's five lots were acquired by the City between 1989 and 2012. Collectively valued at $511,593, the lots would be sold for $1 each.

Expected to create about 40 permanent, full- and part-time jobs when complete, the project was awarded a $5 million Community Development Grant by Mayor Johnson in 2024.