12/22/2021: Taking Industrial Development Underground - Work Begins on Austin Landmark - Local Businessman in Crain's 2021 Cohort of Notable Black Execs - County Program to Acquire Vacant/Abandoned Commercial & Industrial Properties - Cocktails Anyone? |
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Taking Business Underground
"Innovative new uses like vertical farming, laboratory sciences, cloud computing, medical storage, light manufacturing, and archival storage are suddenly achievable in an area that would have been impossible before The Invert. We are limited only by our imagination."
A giant step forward to a 'First' for Chicago happened last week when Invert Chicago, backed by Ozinga Ventures, acquired 149 acres on Chicago's Far SE Side. They plan to establish a multi-use subterranean facility 250' to 350' down carved out of the limestone bedrock. Kansas City, Missouri, already has industrial underground space in former limestone mines - the largest in the U.S., comprising more than 7% of the metropolitan area's total industrial area.
Click here to read "Invert Chicago Aims To Dig Deep, Creating Vast
Underground Facility In The City" -Brian Rogal, BisNow - 12/7/2021
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Extensive Works Begins on Austin Landmark
In November, the Chicago Department of Planning and Development announced the start of a court-ordered emergency stabilization project for the Laramie State Bank building. The extensive project will remediate years of deferred maintenance and ongoing weather-related damage to this Chicago landmark located in Austin neighborhood.
The Art Deco architectural gem exemplifies the brash exuberance of the Roaring Twenties. The three-story building at 5200 W. Chicago Avenue is adorned with spectacular terra cotta ornamentation. Despite designation as a Chicago Landmark by the City of Chicago in 1995, the building underwent foreclosure and sat vacant for years; it was designed by Architects Meyer & Cook and completed in 1929.
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CHICAGO PROPERTY INVESTORS, LLC
Hard-to-Find, Inexpensive Space in Chicagoland;
500' to 160,000' sf - Short & Long-term Leasing
Click on property address for photos, additional info'
Contact Michael Goldstein (773) 504-1200
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- Build-to-suit - River Frontage
- 500 to 8,756 sf, divisible
- Multi-tenant building - Multiple use
- Short to Long-term leases
- Docks, Drive-in Doors
- Sprinkler System
- Zoned for Cannabis -
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- Warehouse: 4,200 sf - 8,700 sf
- Land: 10,000 to 55,000 sf, Divisible -
- Zoned for Cannabis
- River Frontage
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from Crain's Chicago Business...
Area businessman Ronald Damper, Founder, President and CEO
of Damron, is in Crain's Chicago Business 2021 cohort of
Notable Black Leaders and Executives.
Damron is a 100% veteran- and minority-owned tea manufacturer company at 4433 W. Ohio Street - Mr. Damper was McDonald's first diverse national supplier. With expertise in corporate and financial management, product distribution, and contract packaging, Damper is also a principal in Vivacelle Bio, a biotech company, and Damron Packaging & Logistics, involved in hemp cultivation and processing.
Damron hires through N. Lawndale's U-Turn Permitted Program, offering opportunities to previously incarcerated individuals. In April, Damper submitted a grant application to become a Minority Business Development Agency export center to provide opportunities to African Americans and other disenfranchised groups. The grant submission is the impetus for a farther-reaching program called Safer Cities, designed to reduce crime in the community.
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CHECK OUT: MOONFLOWER
4359 N. Milwaukee Avenue, Chicago
Per Eater Chicago, "Cocktail bars are scarce on the Northwest Side." However, a Portage Park spot fills the bill - most beautifully, as you'll see by checking out Eater's review on Moonflower. Opened by three bar industry veterans, the neighborhood bar and grill specializes in craft cocktails with unusual ingredients such as a South Korean milk soda and a sugar-beet syrup from Germany and serving up light fare to an extensive soul music soundtrack. Click here to learn more....
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Vacant Commercial/Industrial Properties
The Cook County Land Bank Authority's recent Holiday Giveaway & Sale to help residents acquire vacant properties in Englewood, N. Lawndale, Roseland, and West Pullman ended early because of the overwhelming response. However, the CCLBA also has commercial and industrial buildings and vacant parcels available for purchase. Clicking the link below will take you to its Interactive Property Viewer, where you'll find property information, online application forms, and other property-related information.
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News, sponsored by Chicago Property Investors is published bimonthly.
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