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The owners plan to demolish three century-old buildings to make way for new apartments with rooftop pickleball courts and parking.
The building, according to the Chicago Urban League, is one of the most significant donations in its history and will help bolster its entrepreneurship and workforce development training.
UPS CEO Carol Tome said “the decision to sell our Coyote Logistics business allows an even greater focus on our core business."
The Democratic commissioner was known for his advocacy of improving mental health care.