Thrive Exchange in Chicago
Thrive Exchange is a $100 million community investment project at 79th Street and Exchange Avenue. Its mission is to reimagine, revitalize, and reinvest in South Shore and South Chicago, addressing critical needs such as access to healthcare, quality affordable housing, and financial stability.
Here are some critical details about the project:
Affordable Housing: The development will provide 43 affordable workforce housing units. These units will be split into four studios, 20 one-bedroom, and 19 two-bedroom apartments1.
Retail Space: The project will include approximately 2,760 square feet of retail space that local small businesses will occupy.
Community Amenities: Residents will have access to a community room, on-site management office, laundry facilities, workout room, bike storage, and parking.
Healthcare Access: The project aims to improve access to healthcare services by creating 50+ healthcare jobs and serving over 15,000 patients annually.
Financial Stability: Thrive Exchange South is part of the Invest South/West initiative and aims to build community wealth through local job creation and investment.
The initiative also emphasizes collaboration with other local organizations, schools, and residents to address pressing social issues like food access and economic inequality. Through these partnerships, Thrive Exchange South strives to create a vibrant, inclusive community that supports all of its members.
Overall, Thrive Exchange South is more than just a marketplace; it’s a movement aimed at uplifting the South Side of Chicago, fostering resilience, and promoting a sustainable future for its residents and businesses.
To learn more visit thrive.exchange