KTJ attorney, Michael T. Jurusik worked with developer, Interfaith Housing Development Corporation of Chicago, and Maywood Village officials and staff to help advance a new diverse use residential and commercial building project.
The new site will be located on the west side of the 800 block of Fifth Avenue within the Madison Street/Fifth Avenue TIF District. The title to the project site was conveyed by the Village to the developer in early January 2020 and construction of the five-story, $19+ million development started in late January 2020.
Michael handled the original land assembly transactions, assisted with the demolition and site preparation contracts, prepared documents for a partial alley vacation, negotiated a TIF incentive redevelopment agreement and worked on zoning and development entitlements for the project.