Neighborhood Opportunity Fund Grant Will Support Englewood Commercial Hub

A $2.5 million Neighborhood Opportunity Fund (NOF) grant will support the mixed-use rehabilitation of a mixed-use building at 1210 W. 59th St. in Englewood following approval from City Council today.

The $6.4 million Resident Association of Greater Englewood (R.A.G.E.) project, dubbed The Re-Up, is planned to include a Majani's restaurant, a training facility for E'Clat Security and offices for R.A.G.E.

The 7,950-square-foot project also received approval for a Cook County Class 7(b) property tax incentive that will provide an estimated $208,842 in savings over its 12-year term.

The Neighborhood Opportunity Fund allocates fees paid by downtown construction projects to support commercial corridor investment on the South, Southwest and West sides. Grant amounts exceeding $250,000 require City Council approval.