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Designating Resolutions : Bill Nos . 24-39 & 24-40 <br /> EmpowerHer Development LLC EmpowerHer Development is focused on investing in <br /> Hope Rescue Building the Monroe Park neighborhood. <br /> (530 S. Michigan St.) Vacant Building Tax Abatement (2 years) and <br /> Mixed-Use Development (8 years) Real Property Tax <br /> Abatements <br /> • Historic building built in 1923 <br /> • Phase 1: Renovate portion of building to <br /> become shared commercial kitchen consisting <br /> of a food market <br /> • Phase 2: Renovate remaining square footage for <br /> a boutique hotel Total Private Investment: <br /> $1,631,500 <br /> • Businesses located in the space hire at least 8 <br /> new full-time employees and retain three full- <br /> time employees <br /> CM OF SOUTH <br /> • �COMMtNrrY <br />