Tadin spokesperson Matt Baron said the zoning plans for the property have yet to be determined. Tadin said 15 or 16 acres of the site is “buildable.” He plans to incorporate all of his businesses into one headquarters at the site and provide more jobs for people in the area.
The state plans to close on the property by the end of December, officials said. “We are honored to play a role in transforming the property and generating economic activity that helps the community flourish,” Tadin said. Tadin said the Damen Silos are an iconic piece of Chicago history. RELATED: Inside The Damen Silos: Urban Explorers Check Out Abandoned Structures The silos have been beloved by urban explorers for years, with so many people stopping by to take pictures or film videos that it felt like “a Chicago tourist destination,” an explorer said in 2015. The site was made famous as backdrop in the 2014 film “Transformers: Age of Extinction.” The 23.4-acre property includes two land parcels along the south branch of the Chicago River and sits near Interstate 55, known as the Stephenson Expressway. 19, and MAT offered the highest purchase price for the property at $6.52 million - more than double the minimum bid, according to the state. The bid was one of four proposals the state received by Oct.
Damen Ave., according to a Wednesday news release from the state. The state plans to enter into exclusive sales negotiations with MAT Limited Partnership - a group of businesses owned by South Side industrialist Michael Tadin Jr. MCKINLEY PARK - The owner of MAT Asphalt is under contract to buy the Damen Silos, a collection of grain elevators abandoned after a 1977 explosion.
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