TIF Approved for Next Phase of Pullman Retail Project
A 67,000-square-foot retail development will move forward in Pullman through $11 million in TIF assistance approved today by City Council.
Planned for an 11.5-acre site near the northwest corner of 111th Street and the Bishop Ford Expressway, the $45.8 million complex is the second phase of the Pullman Park mixed-use development.
“This project is more than a just new retail development. It’s an economic anchor for the entire community,” Mayor Rahm Emanuel said.
Three hundred permanent jobs and 300 temporary construction jobs will be created by the new complex. Anticipated tenants include a national clothing store, a fitness center and smaller retailers.
“It’s a huge project with regional impact,” said Ald. Anthony Beale (9th). “We’re finally beginning to see it attracting businesses like it should, which means jobs and more choice for the underserved South Side.”
The TIF assistance will reimburse the developer, Pullman Park LLC, for the cost of street construction and other infrastructure work. The site was previously occupied by a Ryerson Steel plant.
Pullman Park’s $37 million first phase is expected to be completed this spring: a 148,000-square-foot Walmart Supercenter.
Future development phases include additional retail anchors, restaurants, recreational space and up to 1,100 housing units.