Tax Incentive Approved for Archer Heights Industrial Warehouse
Department of Planning and Development 312.744.9267
A $25 million industrial warehouse will be constructed in Archer Heights with the assistance of a Cook County Class 6(b) property tax incentive approved by City Council today.
Planned for a 7.6-acre site at 4510 W. Ann Lurie Place by developer Sterling Bay, the 147,500-square-foot facility will have 20 loading bays, two drive-in doors, and an outdoor parking lot with 102 spaces. No tenants have been identified, but the project is intended to be marketed for distribution-type uses and support 35 full time jobs when fully occupied.
The incentive will reduce taxes on the property by approximately $4.7 million over the next 12 years.
###