Developers are wrapping up an industrial logistics hub in Chicago’s historic Pullman neighborhood.
Minneapolis-based developer Ryan Companies, in partnership with New York firms Namdar Realty Group and Mason Asset Management, has begun construction on a 160,000-square-foot speculative industrial warehouse in Pullman Crossings, at 10800 South Doty Avenue on Chicago’s South Side, CoStar reported.
The spec warehouse is the fourth and final phase of the 50-acre Pullman Crossings, which is part of the larger 180-acre Pullman Park revitalization project.
The facility will feature modern industrial design elements, including flexible configurations suitable for warehousing, distribution or light manufacturing. Outdoor amenities, such as dining areas, green spaces and parking, are also planned.
Since the project is speculative, no tenants have been pre-secured. Construction is expected to conclude next August.
The Pullman neighborhood was designated a national monument by President Barack Obama in 2015 and upgraded to Pullman National Historic Park in 2022. Once the epicenter of George Pullman’s railcar manufacturing empire and the United States labor movement, the area has faced significant economic and population decline since the 1960s.
However, the Pullman Park initiative, a master-planned 180-acre revitalization effort, has been a beacon of progress. Under the guidance of Chicago Neighborhood Initiatives, Pullman has welcomed businesses like Amazon, Whole Foods, Method and Gotham Greens, generating thousands of jobs.
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The Pullman Park project has brought over 685,000 square feet of industrial space to the area. Ryan Companies started construction on the previous phase, a 170,000-square-foot warehouse 10330 South Woodlawn Avenue, several months ago. Namdar and Mason were not involved in that phase.
— Andrew Terrell