Chicago & Midwest + South Side + Industrial | September 18, 2018

Hilco’s Crawford Station Plan Wins Key Approval

Representatives of Hilco Redevelopment will go before the City Council’s zoning committee on Wednesday with plans to redevelop the shuttered Crawford Power Generating Station on the city’s Southwest side. Hilco plans to build a one-million-square-foot last-mile distribution facility on the 70-acre site.

The Chicago Plan Commission signed off on Hilco’s plan, known as Exchange 55, at a meeting last week. The redevelopment still needs approval by the full City Council.

Hilco acquired the facility, which was shut down in 2012, from NRG Partners for $12.25 million last December. The company finalized its plan to redevelop the facility, the largest of Chicago’s coal-fired power plants, after meetings with community groups and Ald. Ricardo Munoz, the Chicago Tribune reported.

The Tribune reported that Hilco plans to start construction next year with or without a tenant. “We believe if we build it, they will come,” Hilco’s Roberto Perez told the Tribune last week.

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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 13-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 15-20 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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