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"It was not the intent of Congress for this tax incentive to be used to enrich political supporters or personal friends of senior administration officials, as recent reports indicate."
Verizon Media will occupy a large portion of the Coleman Highline development and Roku Inc. leased 730,000 square feet of the project for its new corporate headquarters.
Amid a continuing tight labor market, the corporate campus at 3100 Alvin Devane Blvd. recently sold after a hold period of seven years which included extensive upgrades.
Leasing is underway on 86% leased Sugar Creek Place I, a class-A 151,722-square-foot six-story office building with more than $1.7 million in capital upgrades since 2014 and prominent freeway signage.
The plan includes the first residential development in the area between PNC Park and Heinz Field, new green space, and a new privately-constructed parking garage, city officials say.
The property, which will feature more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets, will occupy a full city block, bounded by North Green, West Fulton Market, Wayman, and Halsted streets in the Chicago West Loop neighborhood.