City officials joined with representatives of NorthPoint Development Thursday to break ground on a new $164-million industrial complex that will span 196 acres on the Southeast Side. Combined, the project’s six structures will provide 2.3 million square feet of space to accommodate up to 10 manufacturing, assembly and distribution-oriented tenants.
“NorthPoint is bullish on the 10th Ward, the City of Chicago and the State of Illinois,” said NorthPoint CEO Nathaniel Hagedorn. “We are excited about what is happening here, and we appreciate the opportunity to be part of it.”
Located within South Deering’s Calumet Industrial Corridor, the new campus will be located adjacent to NorthPoint’s existing 2.8-million-square-foot supplier park serving Ford’s nearby Torrence Avenue assembly plant. Separately, Ford on Thursday announced expansion plans at that plant.
The project will be supported with up to $52 million in tax-increment financing . The site formerly held a steel mill, which closed in 2001.
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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