This site includes two six-story industrial buildings, built in 1918, and part of the historically significant Central Manufacturing District of Chicago. The site also has an adjacent parking lot and 1-story parking structure. The City of Chicago is open to a large variety of proposals that will revitalize this iconic site and contribute to the vibrancy of the McKinley Park neighborhood.
Link to the video recording of the information Meeting (2018/02/23)
Chicago sites media coverage :
City of Chicago
McKinley Park News
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Local zoning law allows for a wide variety of uses, such as office, business services, indoor urban farming, eating and drinking establishments, private event venues, and certain industrial services. The City will consider zoning amendments to allow other innovative uses that enhance Chicago‘s workforce and for nearby residential opportunities.
The buildings and parcels are owned by the City of Chicago.
The historic six-story buildings each measure approximately 263‘ wide and 325‘ deep, and contain over 570,000 square feet of interior space with 10.5‘-13‘ clear floor-to-ceiling dimensions. Behind the two buildings is a paved parking lot of over 100,000 square feet in size. At the east side of the site, the 1717 W. Pershing Road property offers over 160,000 square feet of land and a development potential for 500,000 additional square feet. The City owns a third six-story building west of and adjacent to the site, which the City fully occupies, and is thus not included in the Reinventing Cities Competition offering.
Type of property transfer intended
The City intends to sell all, or a portion of this site to the winning bidder. Bidders must offer to purchase and rehabilitate at least one of the six-story buildings. Transfer of ownership would follow the City‘s negotiated sale process, which requires final approval from Chicago‘s City Council and Mayor.