| The District Development Area is located within the IMD's boundaries as open land intended for development opportunity. The development area is located immediately adjacent to mature health care and university campuses. The District Development Area provides an opportunity for medically-related development and for CTP “graduate” businesses to continue their growth. The DDA attracts a mix of private industry, research facilities and general administrative office uses.
Development Opportunities and Incentives:
* Flexible configurations
* Build to Suit
* Tax Incremental Financing District
* Enterprise Zone and Empowerment Zone
Location Advantages:
In addition to being located adjacent to one of the premier biomedical commerce and research districts in the country, the District Development Area lies between the revitalized and vibrant neighborhoods of Little Village and Pilsen, and is walking distance from renowned eateries on Taylor Street. The area is energized by the active environment of UIC, the high-growing young businesses in the Chicago Technology Park, and the newly developed Retail Center. With easy access to both major Chicago airports and service from the CTA elevated trains and multiple bus routes, the DDA is ideally situated for growth.
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