Pershing Road RFP

UPDATE: Sept. 7, 2023

Please visit DPD's Request for Proposals (RFP) pages for information about the winner of the Pershing Road RFP.

The July 2022 Request for Proposals (RFP) issued by the Chicago Department of Planning and Development (DPD) was intended to rehabilitate a vacant, 571,476-square-foot, City-owned warehouse  at 1769 W. Pershing Road (Site A) in McKinley Park's historic Central Manufacturing District complex, with an option to include an adjacent, 3.2-acre site for new construction (Site B).

The RFP's primary goals included the creation of a mix of private uses that foster additional neighborhood economic investment and enhance employment options for area residents, among other neighborhood needs. The RFP was partly informed by CMAP's "McKinley Park Neighborhood Plan" and the C40 “Students Reinventing Cities” competition. 

The RFP generated five submissions by private developers. The proposals were evaluated by an RFP selection team in December 2022 and three of the five responses were short-listed for additional community and City review. 

Summaries of the three short-listed proposals are below. 


IBT Group rendering

Developer:
IBT Group LLC

Scope:
Site A would be rehabilitated with a mix of uses, including 120 units of mixed-income housing; approximately 200,000 square feet of commercial offices, lab space and retail space; and exterior parking for 120 vehicles.

Site B would be redeveloped with a 50,000-square-foot retail building and 132 parking spaces.

Estimated project cost:
$121 million

March 7 Webinar:

Responses to questions from the public

 

LG rendering

Developer:
LG Pershing Sound Studios LLC

Scope:
Site A would be rehabilitated with 114,000 square feet of commercial offices; 40,000 square feet of movie studio space; 13,500 square feet of retail space; indoor parking for 100 vehicles; and exterior parking for 300 vehicles and 25 semi-trucks

Site B would be redeveloped with 79,200 square feet of movie studio space.

Estimated project cost:
$95.1 million

March 7 Webinar:

Responses to questions from the public

Outpost_PR

Developer:
Quartermaster Outpost Studio LLC

Scope:
Site A would be rehabilitated with approximately 425,000 square feet of mixed-use business space; an additional floor for 40 mixed-income residential units; and exterior parking for approximately 123 vehicles.

Site B would be redeveloped with 75,000-square-foot movie studio space and exterior parking.

Estimated project cost:
$90 million

March 7 Webinar:

Responses to questions from the public

A virtual community meeting about the three proposals was held on Tuesday, March 7.

Frequently Asked Questions

Community members are invited to take a survey to share their thoughts on the three proposals.

A final selection could be announced by DPD by summer 2023, with additional City and public review processes to follow. 


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