The Hatchery

The construction of a new 67,000 sq. ft. micro business food incubation center.

Investment

  • NMTC Amount: $30,000,000
  • Total Project Cost: $30,953,643

IMPACT

  • 496 FTE jobs
  • 40 construction jobs
  • Progamming including support services and business advising services to more than 100 members each year. Provide at least 1 free entrepreneurship training class per month to no fewer than 10 residents of the community.
  • 67,000 sq. ft. of real estate

Investor

Project Description

The project involves the construction of a new 67,000 sq. ft. micro business food incubation center. The project is a single story structure that includes private work spaces and food production quarters, collaborative workspaces, common dry/cold storage areas, shipping and common kitchens for local start-ups and developing food companies alike.

MAP

Address: 135 North Kedzie Avenue, Chicago, IL 60612

Census Tract: 17031837100

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New construction of a 4,400 AF stand -alone commercial building that will be leased to operate a restaurant.
A vacant North Lawndale banking facility will be redeveloped as the new campus for the North Lawndale Employment Network through a $2.5 million Neighborhood Opportunity Fund grant approved by City
In February 2019, CDF provided $12 million in NMTC allocation to 7131 Jeffrey Development to fund the purchase of the entire 113,300 sq. ft. Jeffery Plaza shopping center and renovation