Park West Plaza, which has been only partially occupied for years, will undergo redevelopment after the Homewood board approved a purchase agreement on July 8. (Eric Crump/H-F Chronicle)
Business, Local News

Homewood board approves Class 8 tax relief for Caton’s property on 183rd Street

The Homewood Village Board approved the Cook County Class 8 incentive for Caton Commercial Real Estate Group at the Sept. 9 meeting. 

Caton purchased the commercial strip center, Park West Plaza, at 3003-3025 183rd St., said Angela Mesaros, director of Economic and Community Development. 

The village had approved the redevelopment agreement with Caton in July. As part of that agreement, the village had agreed to support the Class 8 incentive, Mesaros said. 

Under the incentive,…

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