Partial Funding for Hub 32 in East Garfield Park Moves Forward With TIF Approval

Partial Funding for Hub 32 in East Garfield Park Moves Forward With TIF Approval

Hub 32 Development in East Garfield Park Moves Forward With $14.5 Million TIF Support

A key milestone has been reached for the Hub 32 project in East Garfield Park after the Chicago Community Development Commission approved $14.5 million in Tax Increment Financing support. The approval marks meaningful progress for the mixed-use development planned at 132 North Kedzie Avenue, just steps from the Kedzie Green Line station.

The total project cost is estimated at approximately $41 million. While full City Council approval is still required, this funding move signals strong momentum for the development and increases the likelihood of construction moving forward.

What Is Hub 32 in East Garfield Park

Rendering of Hub 32 by Brooks + Scarpa and Studio Dwell

Hub 32 is planned as a five-story mixed-use building that will combine affordable housing, ground floor retail, and community-focused space in a transit-oriented location.

The development is expected to include:

  • 51 residential units made up of one, two, and three-bedroom apartments

  • Approximately 3,800 square feet of retail space designed to activate the ground floor

  • Outdoor plaza space and resident amenities

  • A small parking garage accessed from Lake Street

  • Upper-level terraces for residents

The project design incorporates a modern exterior with brick and metal panel elements intended to complement the surrounding neighborhood fabric.

Why Hub 32 Matters for East Garfield Park Development

Hub 32 East Garfield Park Development

East Garfield Park has seen growing interest in transit-oriented and community-driven development in recent years. Hub 32’s proximity to the Kedzie CTA Green Line station makes it attractive for residents seeking direct access to downtown Chicago while remaining in a neighborhood setting.

Developments like Hub 32 reflect a broader city strategy of encouraging density near public transit while also increasing affordable housing options. By combining residential units with retail and public space, the project aims to strengthen the commercial corridor and support long-term neighborhood vitality.

This type of investment can also attract additional private development interest in the surrounding area over time.

Hub 32 Affordable Housing and Retail Impact

Hub 32 East Garfield Park Development

Affordable housing remains a central component of the Hub 32 plan. The 51-unit mix is intended to serve households at different income levels, contributing to housing stability in the neighborhood.

The retail component is also significant. Ground floor space is designed to bring small businesses, restaurants, or service providers into the building, adding foot traffic and increasing activity along Kedzie Avenue and Lake Street.

Mixed-use projects like this often create a multiplier effect, where residential density supports retail success and retail activation enhances neighborhood appeal.

What Happens Next for Hub 32 in Chicago

Although partial funding has been approved, the project must still receive full City Council authorization before moving into the final financing and construction stages.

Once approved, the development team will be positioned to advance toward groundbreaking. If timelines progress as expected, Hub 32 could become one of the more notable mixed-use additions to East Garfield Park in the coming years.

Stay Connected

Ranked among the top 1 percent of real estate teams in the Chicagoland market, Cory Tanzer and the Cory Tanzer Group are experts in helping buyers and sellers navigate today’s market across Downtown Chicago, the North Shore, and the Western Suburbs. Recognized for their neighborhood expertise in areas like University Village, University Commons, South Loop, and Pilsen, the team helps clients stay one step ahead by understanding where the Chicago market is moving next.