Also, uber-wealthy North Shore town of Kenilworth to create TIF to fight “blight’

Another relic of the old Fulton Market getting sold

Shorewood Development Group is buying a former food service property in Fulton Market. Buffalo Grove-based Shorewood is under contract to buy the 25,000-square-foot former Nealey Foods complex at 900-914 West Fulton Street. CEO Louis Schriber declined to share his plans for the property, and terms of the deal, which closes next month, were not disclosed. Nealey, meanwhile, also has a deal to sell industrial buildings across the street to Oak Brook-based Huizenga Capital Management. Colliers International’s Vern Schultz and Michael Senner are representing Nealey in the Shorewood deal.

Kenilworth officials looking to fight “blight”in ultra wealthy suburb
Kenilworth officials voted to create a tax increment financing district to combat “blight” in the village, one of the wealthiest locales in the country. Proponents said revenue generated by the plan will revive the “long stagnant” business district at Green Bay Road and Park Avenue. But the plan was slammed by residents who said it violates the spirit of the TIF system, which is designed to give new life to “blighted” areas.