CHICAGO — Real estate students are being tasked with coming up with ideas for revitalizing the Central Manufacturing District on the Back of the Yards/McKinley Park border.
As part of the seventh Real Estate Challenge, the Harold E. Eisenberg Foundation is partnering with the City of Chicago and Imperial Realty Company to engage real estate students from eight universities to creat projects to redevelop a site that was once home to the U.S. Sixth Army Headquarters and Quartermaster Depot and the headquarters of Chicago Public Schools.
According to a news release, Students will present their proposals on Saturday at the Standard Club Chicago where Chicago Real Estate industry leaders and city officials will act as judges.
The winning team will earn a $5,000 scholarship toward their university’s Real Estate Education program.
The initiative is designed to provide students with a hands-on opportunity to apply what they are learning in their university courses to the actual working world of real estate, organizers said.
The Central Manufacturing District was once recognized for its manufacturing and meatpacking industries, but with the decline of those industries in the mid-20th century, the community fell into physical and economic decline.
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