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Chicago International Produce Market
CenterPoint successfully partnered with the City of Chicago and a group
of 18 produce vendors from Chicago’s historic South Water Market to
develop the new Chicago International Produce Market - a daunting task
that was unsuccessfully attempted by five other development groups.
The City of Chicago provided $9 million of tax increment financing (TIF)
assistance for demolition, environmental remediation, and site assemblage
at the CIPM, which was the first project located in the Pilsen TIF
district. This $58.4 million project was pre-sold to the future occupants
and, at completion, retained approximately 500 jobs and creating 61 new,
permanent jobs.
The 436,000-square-foot facility has become the city’s premiere wholesale
produce market serving restaurants, retail stores, institutions and
other customers. Located just off the Stevenson Expressway at Damen
Ave., it occupies a 26-acre site in the Pilsen Industrial Corridor and is a
testament to the continued success of Chicago’s independent business
community, entrepreneurial legacy and diversified economy.
Project Highlights
- Total Investment: $58,000,000
- Site Size: 26 acres
- Total Building Space: 436,224 square feet
- Customer Use: wholesale produce vendors
- Customers: Atom Banana, City Wide Produce, Gaglione (Dietz), Mandolini Co., Pets
Calvert Co., T&S LLC, Quality Celery & Sprout, World Wide Produce,
Proland LLC, Evergreen International, Michael J. Navilio, Phoenix Produce,
The Auster Company, J.L. Gonzalez Produce, Strube Celery &
Vegetable Co., Jack Tuchten Wholesale Produce, Olympic Wholesale
Produce & Foods, Panama Banana Distribution Co.
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