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MegadealsSubsidy Tracker Individual Entry
Company: Related Midwest, 548
Parent Company:
Subsidy Source: local
Location: Illinois
City: Chicago
County: Cook
Address: 1012 S Kildare Av
Project Description: The Developer 4300 Roosevelt LLC and partnership between Related Midwest LLC and 548 Development is proposing to redevelop the property into a two, 181,760 square foot warehouse buildings that are intended for industrial users such as warehouse, shipping and logistics. No tenant has been identified yet. Each industrial building will feature +/- 36? clear heights, and the Project will include a total of +/- 368 auto and +/- 86 trailer parking spaces as well as a total of +/- 54 dock-high doors. The developer will also construct two, free-standing, 5,000 sqft buildings that will be given to New Covenant Community Development Corporation and Black Men United who will operate community services out of the structures. Additionally, a park space will be constructed along Roosevelt Road that can be used by members of the public.
Year: 2022
Subsidy Value: $6,000,000
Program Name: Chicago: Tax Increment Financing
Awarding Agency: Chicago Department of Planning and Development
Type of Subsidy: tax increment financing
Source of Data:
(click here)
Notes: Subsidy value is approved amount. Investment data is total projected project cost. Year is year credit approved.
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