“A cluster of old warehouses in West Humboldt Park will soon be transformed into a “creative office campus” for tech companies and makers. A team of development partners are converting three warehouses at 1334 N. Kostner Ave., the longtime home of lighting and electrical equipment manufacturer Pyle-National Co., into a modern office campus called “Humboldt Lit.”
“When you look at Fulton Market, the rents have gotten prohibitive for younger tech companies. We wanted to find and create an environment for them that would be more authentic,” developer Gary Pachucki said. Pachucki, president of IBT Group LLC, enlisted the real estate company Cawley Chicago to lease out the office space. Their goal is to lure tech companies or other companies with a creative focus like furniture makers to the area.
“The site, which spans more than 6.5 acres and offers 250,000 square feet of space, can accommodate “somewhere between one and a lot” of companies, Pachucki said.” (Bloom, 8/13/19)
Read the full story at Block Club Chicago
$50 Million ‘Creative Office Campus’ Planned For Old Lighting Warehouses In West Humboldt Park; As rents continue to rise in booming Fulton Market, developers hope to lure the tech companies and creative crowd to Humboldt Lit. Mina Bloom, Block Club Chicago, 8/13/19