CHICAGO-Dubin Residential has purchased a 3.94-acre site at 4500 W. Belmont Ave. on the city’s northwest side for a new townhome development. To be known as Kilbourn Court, the property was recently rezoned from M-1-1 to R-4. Plans call for a $30 million, 116-unit development.

The site is includes a shuttered 55-year old, 116,000-sf candy manufacturing plant that will be demolished to make way for the new development.

The plant was originally built in 1947 by the Walter H. Johnson Candy Co. In the 1970s, the property was acquired by Peter Paul Foods and in 1981 was sold again to Farley Candy Co. Subsequently; Favorite Brands acquired the site, then Nabisco and finally Kraft Foods. The plant over the years has made Almond Joy and Mounds candy bars, as well as bulk candy corn, malted milk balls, nut confections and various other chocolate confections.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.