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Redevelopment Commission approves LaSalle Hotel redevelopment deal with $1.38 million incentive
Summary
The Hammond Redevelopment Commission on Jan. 20 approved a development agreement with Hammond LaSalle LLC to convert the former LaSalle Hotel at 5266 Homan Ave. into 24 apartments and two ground-floor commercial spaces, and to provide a $1,380,000 incentive paid in milestones; the vote was 5-0.
The Hammond Redevelopment Commission on Jan. 20 approved a development agreement with Hammond LaSalle LLC to redevelop the former LaSalle Hotel at 5266 Homan Avenue into two ground-floor commercial spaces (one designated as a restaurant) and 24 one- and two-bedroom apartments.
Attorney Westland/Westlund summarized the agreement for commissioners, saying the developer must begin construction before June 1 and reach substantial completion by Dec.…
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