From nwi.com | Mar 15, 2019
The South Shore Line's West Lake Corridor project passed a major milestone Friday when the Federal Transit Administration announced a project rating that moves it a step closer to receiving as much as $440 million in federal funding.
From Chicago Tribune | Feb 22, 2019
…the federal government spending bill recently approved by Congress also included funding for commuter railroad projects like two planned by the South Shore Line.
From IN.gov | Feb 1, 2019
The Indiana Economic Development Corporation (IEDC) announced a record-breaking year for small business growth today with the Indiana Small Business Development Center (SBDC) and Indiana Procurement Technical Assistance Center (PTAC) helping launch 318 small businesses and secure $86.3 million in government contracts for Indiana businesses, respectively, in 2018.
From nwi.com | Oct 28, 2018
SmartAsset, a New York City-based technology company, ranks Lake County second and Porter County eighth in Indiana in gross domestic product growth over the past four years.
September 27, 2018
CHICAGO – Mike Kelly, Managing Partner of Park Development Partners, announced today the purchase of 23 acres of land at 24 Marble Street in Hammond, Indiana for $1.0 million.
The property is strategically located in Northwest Hammond, just minutes from the Illinois border. With close proximity to I-90 via Exit 5, the property offers unparalleled access to major transportation routes. The property is directly served by the IHB to all major rail services.
As a brownfield site, the City of Hammond will provide Park Development Partners with $10+ million in economic incentives. Cleanup of the site is currently underway and once complete, the ownership plans to construct a 500,000 s.f. build-to-suit industrial building, divisible into 70,000 s.f. units. The building will be a modern, precast green facility with 32’ clear ceiling heights and 50’ x 50’ column spacing; 10 truck docks expandable to 80 with 3 drive in doors and a 50’ x 60’ loading bays; and parking capacity for 80 trucks and 300 cars. The project is ideal for manufacturing, logistics and distribution companies.
"24 Marble is ideally suited for a manufacturing or logistics company trying to capture the rail service to all major lines and employees from the South side of Chicago,” said Mike Kelly, Managing Director of Park Development Partners.
Park Development Partners owns, develops, leases and manages industrial properties in Northwest Indiana. The Managing Directors of PDP work with clients to bring them the best solutions for their industrial property needs including helping them to identify tax credits and other financial incentives through their relationship with the Indiana Economic Development Corporate and local entities. To learn more visit the company’s website at parkdevelopmentpartners.com.
From Chicago Tribune | Jan 19, 2018
Park Development will build three one-story, 11,700-square-foot warehouses and one 64,900-square-foot warehouse on the property.
December 19, 2017
SOUTH BEND - Jeff Smoke, Director of Development at Great Lakes Capital, announced today the purchase of 18 acres of land at 3518 Sheffield Avenue in Hammond, Indiana.
The property is strategically located in Northwest Hammond, just minutes from the Illinois border. Situated only 1,500 feet to the toll road on ramp at Calumet Avenue and five miles to I90 and I94, the property offers unparalleled access to major transportation routes. The developer plans to construct a 225,000 s.f. speculative industrial building on the site, divisible into 50,000 s.f. units. The building will be a modern, precast green facility with 32’ clear ceiling heights and 50’ x 50’ column spacing; 10 truck docks expandable to 40 with 3 drive in doors and a 50’ x 60’ loading bays; and parking capacity for 60 trucks and 186 cars. The project is ideal for manufacturing, logistics and distribution companies.
"The Sheffield parcel is very well located next to all the major interchanges and the Illinois Border,” said Jeff Smoke, Director of Development at GLC. “The parcel is also unique because it has never been built on and the size allows for a 225,000 s.f. building."
3518 Sheffield is now part of the Park Development Partners portfolio.
Park Development Partners owns, develops, leases and manages industrial properties in Northwest Indiana. The Managing Directors of PDP work with clients to bring them the best solutions for their industrial property needs including helping them to identify tax credits and other financial incentives through their relationship with the Indiana Economic Development Corporate and local entities. To learn more visit the company’s website at parkdevelopmentpartners.com.