This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Soft Sheen Property Donated To Historic Chicago Church

CHICAGO , Jan. 6, 2013 /PRNewswire/ -- Churchgoers attending Sunday worship services at Fellowship Missionary Baptist Church received the good word and some good news too, as Pastor Charles Jenkins announced that the historic church is now the proud owner of a historic property – the former headquarters of the Soft Sheen beauty products company.

The 14.5-acre site will be the new location of the church and a mixed-use development project, which promises to enhance the social fabric of the community holistically, marking a major milestone in a broad vision for the property at 8522 S. Lafayette Ave.

The irrevocable, landmark multimillion-dollar donation comes from the foundation of Hobby Lobby Stores, Inc., an Oklahoma City-based national arts and crafts chain that has contributed to faith-based initiatives nationwide for many years.

"I offer my sincere gratitude to the Green Family for their unparalleled generosity to Fellowship Missionary Baptist Church and our work in the city," Pastor Jenkins said. "We are excited about this huge step and other amazing friends and partners who are already joining us on this meaningful and impactful journey to serve inner city Chicago."

With an average of 4,000 weekend attendees in the Chicago area and some 25,000 online worshippers, Fellowship has outgrown its current facility at 4543 S. Princeton Ave., and has a vision for more than a new church. Hence, four years ago, Fellowship established its economic development arm, the Fellowship Educational and Economic Development Corporation (F.E.E.D.), and launched an ambitious expansion and community development initiative called the Legacy Project, setting its sights on the former Soft Sheen headquarters. The site has sat vacant for 11 years.

The mission of the Legacy Project is to build people and community by focusing on personal growth, job creation, education, youth development, healthcare, economic development, and community empowerment.

Plans additionally call for renovation of the 229,000-square-foot office building to include a school, health and wellness center, a center for youth programming, a casual dining restaurant, as well as construction of up to seven retail stores at an estimated cost of $26 million.

"The church is committed to working toward reducing unemployment, crime and violence, raising resident morale, and providing hope to the community overall," said Pastor Jenkins. "This donation is the first I have heard of in this community and one of many examples of God blessing our effort and dedication to serving Chicago."

Pastor Jenkins thanked Illinois Governor Pat Quinn, Chicago Mayor Rahm Emanuel, former Mayor Richard Daley and Chicago City Councilman Ald. Howard Brookins for their ongoing support. Next steps include identifying additional friends and partners as Fellowship's successful fundraising efforts continue, as well as identifying minority and women-owned subcontractors, compatible business enterprises and tenants to anchor the site and serve the community.

 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs