City Council Approves Fields Project

CHICAGO—The Chicago City Council has just approved plans to redevelop the giant Macy’s warehouse and distribution campus on the city’s northwest side into a mixed-use development. As reported in GlobeSt.com, Chicago-based 4K Diversey Partners, LLC acquired the 21-acre property at 4000 W. Diversey Ave. earlier this year for $10 million.

“This project will create over 1,000 new jobs in spaces comprised of a grocery store, high tech office space, 84 work/live units, industrial and warehouse space, self storage and a data center,” says Alderman Ray Suarez. The property, a former distribution center for Marshall Field’s, was vacated by Macy’s in 2008 and will be known as The Fields. Construction will start in 2015.”This project will become the anchor of growth for the entire Northwest side.”