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IBT, IRC and Pine Tree Celebrate Pulaski Promenade Ribbon-Cutting

By October 7, 2015February 9th, 2020Development, Front Page, Joint Ventures, News

Chicagoans marked Pulaski Promenade’s Grand Opening with a ribbon-cutting attended by Chicago Mayor Rahm Emanuel, Alderman Edward Burke (14th Ward), Illinois House Speaker Michael Madigan, and Reverend Antoni Bury of St. Bruno’s Church, among others. A joint-venture between IBT Group, Inland Real Estate Corporation and Pine Tree, development for Pulaski Promenade, a 133,000-square foot shopping center located on the southwest side of Chicago, began in September 2014.

“Today’s Grand Opening represents what is best about public-private joint-venture partnership,” said Alderman Burke. “The work of city government and private corporations coming together in the spirit of cooperation helps Chicago achieve what we all desire: community rule and redevelopment.”

Pre-leased to Ross Dress for Less and Michaels, today Shoe Carnival and Petsmart have already opened their doors to the public. Constructed on a 10.6-acre land parcel in a traditionally industrial area of the City, Pulaski Promenade is located one-quarter mile south of Interstate 55, along Pulaski Road between 42nd Place and West 40th Street and benefits the busy retail corridor that includes Target and Peter’s Fresh Market.

“I close this part of the day cutting a ribbon for what used to be an industrial site which has created important jobs in both design & construction, and about 300 jobs on the retail side – both part-time and full-time.” Mayor Emanuel. “Together we’ve turned an eyesore into an opportunity.”