Whole Foods Market distribution facility coming to Pullman

The map above were you see that red marker, a Whole Foods Market distribution center is expected to be built there.

Whole Foods plans to build a distribution facility in the Pullman neighborhood on the South Side that would employ 150 people.

The 140,000-square-foot facility will be at 720 E. 111th St., according to the city of Chicago. The site is currently vacant.

The center, to open in early 2018, will replace an existing Munster, Ind., facility and will serve up to 70 Whole Foods stores in the Midwest and Canada, according to the city.

The city "will consider approximately $7.4 million in tax-increment financing assistance" for the project, according to a statement. The subsidy is being considered "to ensure the site was competitive with the existing facility in Indiana," the statement said.

The Whole Foods distribution center will be built on a 17-acre site owned by a venture of Chicago Neighborhood Initiatives, a unit of Minneapolis-based U.S. Bank, CNI President David Doig said in an email. Doig's real estate company will prepare the site for an industrial developer, which will build the distribution center and then lease it to Whole Foods.

The facility will be able to handle cold and dry storage and will have office space, CNI said.

More on the future site of the facility and adjacent properties:

The former Ryerson property also includes a Method soap factory that opened about a year ago and includes a Gotham Greens farm on its roof.

Doig's CNI also developed a new shopping center on the site anchored by a Wal-Mart big box store, and more retailers plan to open stores there. The neighborhood also received a boost about a year ago, when President Barack Obama designated the area a national monument, citing its manufacturing and labor history.

You may have seen this vid below on CBS 2 this morning, BTW