{"id":57304,"date":"2017-04-25T16:08:08","date_gmt":"2017-04-25T21:08:08","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=57304"},"modified":"2017-04-25T16:08:08","modified_gmt":"2017-04-25T21:08:08","slug":"old-sears-headquarters-transitions-into-affordable-housing","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/old-sears-headquarters-transitions-into-affordable-housing\/","title":{"rendered":"Old Sears headquarters transitions into affordable housing"},"content":{"rendered":"<p><strong>By Shen Lu<\/strong><\/p>\n<p class=\"dropcap\">As Sears, Roebuck &amp; Co. reports multibillion-dollar losses in sales and faces a seemingly fraught future, the prospects of its old headquarters on Chicago&#8217;s West Side are looking bright.<\/p>\n<p><!--more--><\/p>\n<p>The 111-year-old office building had been deserted since Sears, once a retail empire, moved out in 1973. Mercy Housing Inc., a nonprofit firm, recently turned the crumbling building into an affordable housing project called Lofts on Arthington.<\/p>\n<p>Twenty-seven families have moved into the 181-unit facility since it opened in February. The rents are below market prices, ranging from $785 to $1,210.<\/p>\n<p>The building offers a nice, comfortable housing option for low-income Chicagoans. To some, a room in the development means a glimmer of hope in life.<br \/>\n<iframe title=\"Old Sears HQ now an affordable housing project\" src=\"https:\/\/player.vimeo.com\/video\/214739566?dnt=1&amp;app_id=122963\" width=\"800\" height=\"450\" frameborder=\"0\" allow=\"autoplay; fullscreen\" allowfullscreen><\/iframe><\/p>\n<div class=\"featurecaption\">Photo at top: Former Sears headquarters on Chicago&#8217;s West Side is now an affordable housing development. (Shen Lu\/MEDILL).<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Shen Lu As Sears, Roebuck &amp; Co. reports multibillion-dollar losses in sales and faces a seemingly fraught future, the prospects of its old headquarters on Chicago&#8217;s West Side are looking bright.<\/p>\n","protected":false},"author":379,"featured_media":57305,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[27,28],"tags":[],"class_list":["post-57304","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-business","category-general-interest","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Old Sears headquarters transitions into affordable housing - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/old-sears-headquarters-transitions-into-affordable-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Old Sears headquarters transitions into affordable housing - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Shen Lu As Sears, Roebuck &amp; 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