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Chicago & Midwest  + South Side  + Industrial  |  March 15, 2019
Paul Bubny
By: Paul Bubny

City Council Okays Incentives for Hilco’s 1M-SF Warehouse Build

The City Council has approved property tax incentives for Hilco’s construction of a $100-million industrial warehouse on the former Crawford Station power plant site in the West Side’s Little Village neighborhood. Total savings over the 12-year incentive period are estimated at $19.7 million.

The incentive will help Hilco in demolishing the shuttered power plant at 3501 S. Pulaski Rd. and complete environmental remediation work on the 70-acre site, which had been used for coal-fired power generation from 1924 to 2012.

Hilco’s one-million-square-foot project, Exchange 55, will include up to 112 loading docks for one or more tenants, which could include e-commerce companies, merchandise distributors or data center operators. More than 165 full-time workers could occupy the building.

Site improvements will include new pedestrian and bike-friendly improvements along Pulaski; extensive landscaping that includes more than 600 trees; infrastructure for electric trucks, cars and solar panels; traffic signal improvements; and other enhancements.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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