CategoriesIHCC News

Chicago Mayor Lori E. Lightfoot joined World Business Chicago for a formal ribbon-cutting of The Terminal.

The expansive property, over 100 years old, will be transformed into an urban workspace campus for makers, creatives and innovators, designed to fit in with the existing character of the neighborhood.

The Illinois Hispanic Chamber of Commerce (IHCC) supports this initiative.

As our City continues to respond to the economic impact of COVID-19, we must ensure that our communities—especially those that have been historically under-invested—have the resources they need to revitalize their local economies,” said Mayor Lightfoot.

The Terminal, comprising three warehouses in West Humboldt Park, was originally occupied by the Pyle-National Company starting in 1916, where it manufactured headlights and other lighting and electrical equipment for railroad use, as well as exterior lighting for prominent buildings like the Wrigley Building, Tribune Tower, Soldier Field and the Rose Bowl Stadium.

Project developer IBT Group, LLC, plans a build-out of the 250,000 square-foot space on 6.9 acres, expected to cost over $50 million.

The Terminal is going to help change the landscape of the neighborhood, erase the emptiness of these vacant lots, and help transform the area.

The Terminal in Humboldt Park is the latest project in a INVEST South/West corridor.

The comprehensive program focuses planning and funding tools along targeted corridors that have historically served as focal points for pedestrian activity, retail, services, transportation, public spaces and quality-of-life amenities for local residents.

“The Terminal is a great example of the type of transformative investment that can create jobs and opportunities for all Chicagoans,” said Andrea L. Zopp, President & CEO, World Business Chicago.

Announced in October 2019, the INVEST South/West pioneering program has brought government, businesses, philanthropies and community leaders together to lay the foundation for the long-term revitalization of ten underinvested neighborhoods on Chicago’s South and West Sides.

In its first year, the City has invested more than $70 million of public resources into these corridors and mobilized more than $300 million in private and philanthropic commitments.

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