Exchange 55 - Rendering

March 15, 2019 Comments Off on City Council Okays Incentives for Hilco’s 1M-SF Warehouse Build Views: 482 Chicago News, South Side

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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