Tax Incentive Proposed for Industrial Warehouse in Archer Heights
June 21, 2023
Department of Planning and Development 312.744.9267
A $25 million industrial warehouse would be constructed in Archer Heights through a Cook County Class 6(b) property tax incentive introduced to City Council today by Mayor Brandon Johnson.
Planned for a 7.6-acre site at 4510 W. Ann Lurie Place by developer Sterling Bay, the 147,500-square-foot facility would have 20 loading bays, two drive-in doors, and an outdoor parking lot with 102 spaces. No tenants have been identified, but the project would be marketed for distribution-type uses and support 35 full-time jobs when fully occupied.
The incentive would reduce taxes on the property by approximately $4.7 million over the next 12 years.
###