The construction of an $8 million Best Western boutique hotel near Midway Airport is moving forward through a property tax incentive approved today by City Council.

The Cook County Class 7(c) incentive will facilitate the construction of a three-story "Vib" brand hotel at 6501 S. Cicero Ave. The 74-key, 31,000-square-foot building planned by developer Parth 13 Inc. includes a cafe, lounge, and fitness center. The project is expected to create 22 permanent and 70 temporary jobs. The 1.1-acre site was previously occupied by a car rental agency.

With a design intended to reflect the newly launched brand, along with modern tech amenities, the hotel will be the first to be built in Chicago near Midway in decades. Most hotels serving airport travelers are located in nearby Bedford Park and other suburbs. A 2,500-square-foot restaurant building is planned to occupy a portion of the property.

The Class 7(c) incentive reduces the Cook County property tax assessment level on qualified commercial properties to 10 percent for three years, 15 percent in the fourth year and 20 percent in the fifth year. Total tax savings are estimated at $466,000.

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