Surprised that this took so long, actually…
Archer Daniels Midland is planning to close a 120-year-old Chicago wheat mill and move operations to a new facility it is building in rural Mendota, Ill.
The Chicago-based food processing giant on Friday announced construction of the new flour mill, which is slated to open in mid-2019. The high-capacity facility will be adjacent to ADM’s existing Mendota grain facility, about 90 miles west of Chicago in LaSalle County.
The current plant on West Carroll Avenue in the trendy Fulton Market district, will continue to churn out flour until the new facility is fully operational, the company said Friday.
The Chicago plant was built in 1897 by B.A. Eckhart Milling, which operated it for decades. ADM purchased it from Dixie Portland Flour Mills in 1990 for about $14 million, according to Cook County records. Located in the once-gritty meatpacking district on the Near West Side, the plant is now something of an anachronism amid the trendy restaurants, bars and office buildings that have sprung up in recent years.
The 250,000-square-foot industrial facility sits on a 2-acre site, according to CoStar Group.
(click here to continue reading ADM to close Fulton Market wheat mill for new LaSalle County plant – Chicago Tribune.)
That could turn into a monster new development if current real estate trends continue