February 27th
, 2020
Thanks for plugging into the
NORTHWEST SIDE BUSINESS NEWS
Neighborhood Opportunity Fund Revamp - Tax Change Proposals: Real Estate Transfer & W-4 - Real Estate Development - What's for Breakfast?
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Neighborhood Opportunity Fund Revamped; $10M Grant Pool Approved
Mayor Lightfoot’s revamp of the Neighborhood Opportunity Fund (NOF) cleared the City Council on February 19th and includes $10 Million available for new business development grants. The program allows up to 50% reimbursement of a project’s construction expenses; the current application period closes February 29th, with another set to open in July 2020 according to the Mayor’s office.
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Click titles
for more in-depth info'....
Jay Kozlarz, Curbed Chicago - 1/31/2020
TRD Chicago
/2/21/2020
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The Point
at Six Corners
The ten-story $130 million development complex includes
258 apartments for seniors, and 45,000 square feet of retail space, anchored by an Aldi grocery store. The developer also agreed to establish a one-time $100,000 scholarship for Schurz High School students and waive the one-time community fee for veterans who sign up to live at the Point in its first year.
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Major Development for Irving Park Road
Over the past two years, a block of businesses on Irving Park Road, between Kenneth and Kilbourn was acquired by GW Properties. Now, Northwestern Medicine has purchased the entire parcel, and will raze the buildings to make way for another major developments for the
Six Corners area.
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Northwestern Buying Entire Old Irving Park Block, Including Former Sabatino’s Building -
Alex V. Hernandez, Block Club Chicago - 2/21/2020
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CHICAGO PROPERTY INVESTORS LLC
Michael Goldstein - (773)504-1200
Hard-to-find Inexpensive space in Chicagoland
500’-150,000’ - short and long term leases
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Currently Leasing -
3850 W. Cortland Avenue, 60647
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Spacious, solid brick multi-tenant, multi-use building, built in 1960. Ideal for warehousing, manufacturing, office/maker space for craftsmen artists or photographers - one block from the 606 Trail.
47,923 sf, divisible to 500 sf
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For other Chicago Property Investors properties -
Click here
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New Real Estate Transfer Tax Proposed
From The Real Deal, "Two state legislators introduced a bill to the Illinois House and Senate to boost revenue for the City of Chicago while combating homelessness through a restructuring of the real estate transfer tax.
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Looking to Buy, Sell or Lease?
Contact Deborah Smith,
Broker
Strauss Realty, Ltd.
Deborah joined Strauss Realty, Ltd. in 2017 following more than a decade as an economic development professional, assisting small business and manufacturers with TIF, Enterprise Zone and other public sector incentives.
Direct: 773.885.3254 - Office: 773.736.3600
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LET'S EAT...
From the North Side to the South, you're sure to find a new favorite or a familiar spot on Eater Chicago's compilation of.....
Chicago's 20 Essential Breakfast Spots..
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Jeffy Mai and Daniel Gerzina,
Eater Chicago 2/20/2020
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Proposed Changes to Income Tax Withholding
The Internal Revenue Service is soliciting feedback from employer
s about proposed rule-making on the redesign of Form W-4. The proposal guides employers regarding the amount of Federal income tax withheld from employee wages, implementing the Tax Cuts and Jobs Act’s changes to the Internal Revenue Code.
IRS notice and link to provide feedback.
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