October 16, 2019

Neighborhood Opportunity Fund to Support Adaptive Re-Use of Garfield Park Warehouse

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A vacant East Garfield Park warehouse would be redeveloped for multiple tenants through a $660,000 Neighborhood Opportunity Fund grant proposed to City Council today by Mayor Lori E. Lightfoot.

The funding would support the $1.58 million rehabilitation of the building at 328 N. Albany Ave. by the building’s owner, Madland Industries, LLC. The work would create approximately 25,000 square feet of commercial space for a planned photography studio, café and other tenants.

The Neighborhood Opportunity Fund uses voluntary payments from downtown development projects to support commercial corridors in low- to moderate-income communities on the South, Southwest, and West sides.

Projects with grant amounts exceeding $250,000 require individual City Council approval. More information is available at www.neighborhoodopportunityfund.com.

 

 

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