Capping the Kennedy: An Award-Winning Way to Do It

Cap the Kennedy project

(left to right) Daniel Gutman, Hubie Greenwald, Ainsworth Thompson, Karlie Mayher, Dennis Harder, Jonathan Dennis, Mary Fran Gill

Earlier this month we told you about a competition where architecture students were asked to come up with innovations for the Cap the Kennedy project — a proposal from real estate developer Fifield Companies to deck over the noisy expressway between Jackson Boulevard and Lake Street, replacing its exposed side with parks, restaurants, and developable space.

The winning team was from Roosevelt University, which put together a plan using TIF money to help complete the project.

From the summary text:

The team’s proposal titled The Landing, is a mixed use, entertainment, commercial and tech incubator concept. The team presented a thoughtful and well-planned elevated pedestrian area that includes parks and green space, restaurants and retail, entertainment venues, a tech incubator/school as well as a four-seasons glass enclosure for year round enjoyment, all to better serve the surrounding community.

The student teams acted as individual development companies responding to a Request for Proposal from Fifield to joint venture and execute the proposed “Cap the Kennedy” project. While several iterations of Fifield’s plans have reached the public domain previously, submitting teams were expected to embellish upon the proposed six-block cap by incorporating their own vision for the project. A panel of distinguished judges, including: Steve Fifield, Chairman of Fifield, Randy Fifield, Vice Chairman of Fifield, Mike Laube, Principal of Laube Companies, and Alan Schachtman, Executive VP of Fifield awarded Roosevelt University, for the third time in a row, with the best overall plan.

 

Cap the Kennedy project

Existing TIF districts. Kinzie Corridor expires 2021, existing balance $48,000,00; Near West expired 2013, existing balance $20,700,00; River West expires 2025, existing balance $50,500,00; Canal/Congress expires 2022, existing balance $61,000,000.

Cap the Kennedy project

Proposed TIFs

Cap the Kennedy project

Zoning overview/projections

Cap the Kennedy project

Existing conditions, based on a TIF revenue base of $15,439,000

Cap the Kennedy project

Proposed Developement with Current FARs. 7-10 years with yearly TIF revenue of $29,017,000

Future Development with proposed FARs. 15-20 years with TIF revenue of $41,565,000

Future Development with proposed FARs. 15-20 years with TIF revenue of $41,565,000

 

Editor

Author: Editor

Editor founded the Chicago Architecture Blog in 2003, after a long career in journalism. He can be reached at chicagoarchitectureinfo@gmail.com.

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