‘Chicago Tonight’ In Your Neighborhood: $58M Development to Bring Retail, Affordable Housing to Back of the Yards

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Chicago’s Invest South/West project is underway in the Back of the Yards. A $58 million mixed-use development will include retail, a health clinic, brew pub and affordable housing. “We’re gonna help reinvigorate this corner of the neighborhood.”

owner Jesse Iñiguez said as he pointed to an old department store. “Golblatt’s had everything. The basement had stereos, toys. Multiple levels of furniture, clothing.”

Lack of job opportunity wasn’t always an issue. Immigrant families moved to Back of the Yards because of the jobs available in Chicago’s massive meat packing industry. But when the slaughterhouses closed, the jobs left, too.“We’re in the second level of poverty,” she said. “In our neighborhood, you don’t find jobs for $20 an hour. It’s always the bare minimum.”

Businesses that are part of the project must commit to signing a Community Benefits Agreement, a promise they’ll pay fair wages, hire locally and use sustainable practices, according to Iñiguez., believes it’s a matter of keeping that promise. “It’s important for us because being from Back of the Yards, I’ve lived here since I was 5 years old,” Santoyo said. “I do want to make this neighborhood better for everybody.”

 

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