The City of Chicago is once again seeking developers for long-underutilized, mostly dilapidated city-owned buildings and industrial space in the properties from 1717 to 1769 W. Pershing Road, Chicago.
In a July 12, 2020, meeting of Chicago’s Community Development Commission, Lead Planner Nolan Zaroff pitched and received unanimous approval for issuance of a request for proposals to these properties, as reported in media outlets.
As noted in the July 13, 2022, article “Chicago once again aims to redevelop historic warehouse” in the publication The Real DealZaroff told commissioners that the city will try a different marketing approach this time, breaking the property into manageable chunks more accessible to development proposals.
Crain’s Chicago Business also covered the development commission’s decision in the July 12, 2022, article by Alby Gallun: “City seeks developer — again — for huge vintage warehouse in McKinley Park.” This article includes analysis about “whether a developer can find a way to turn even one building into something useful in the current market.”
Related Coverage from the McKinley Park News:
The properties pushed for development include the large storage shed and parking yard at 1717 W. Pershing Road, currently used to store City of Chicago salt trucks and other vehicles.
TIF District Financing
The gargantuan warehouse at 1769 W. Pershing Road is one of three in a row owned by the city: The other two, at 1819 and 1869 W. Pershing Road, are currently being used for various municipal services and storage, and are not part of the request for proposals.
Funding assistance may come through the Tax-Increment Financing (TIF) district for the 35th and Halsted project area, according to the development commission’s agenda. Crain’s Chicago Business reports in the above-mentioned article that developer proposals will be due by October 21, 2022.