City of Chicago Department of Planning and Development
03/18/2026 | Press release | Distributed by Public on 03/18/2026 15:25
TIF Support Proposed for Improvements at Landmark Office Building in Uptown
TIF Support Proposed for Improvements at Landmark Office Building in Uptown
March 18, 2026
312.744.9267
Planned improvements to the Institute of Cultural Affairs' (ICA) GreenRise building in Uptown would receive up to $2 million in Tax Increment Financing (TIF) support under a proposal submitted to City Council today by Mayor Brandon Johnson.
The $4.1 million project at 4750 N. Sheridan Road includes mechanical system improvements that would benefit more than a dozen existing tenants, along with renovations for the Illinois Department of Human Services, which plans to occupy 11,000 square feet of ground floor office space.
Built between 1921 and 1926 as the Mutal Insurance Building, the eight-story building was adopted as a City landmark by City Council in 2013. Owned by ICA-affiliated entities since 1971, the building's nonprofit and social service tenants provide support for more than 1,000 clients weekly.
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