Land Sale Would Lead to New Near South Supermarket
A new supermarket would be built on the Near South Side through a City-owned land sale proposed to City Council today by Mayor Rahm Emanuel.
The 2.5 acres of land at 1625 S. Clark St. would be sold for $3.5 million, its appraised value.
“New retail development provides, jobs, goods and services for neighborhood residents,” Mayor Emanuel said. “This sale will help achieve those benefits.”
The $22.7 million, three-story project by the Simon Konover and Outlook Development Group LLC would include 65,000 square feet of ground floor retail space and two levels of parking. The retail space would be leased to a Mariano’s Fresh Market store. Mariano’s is owned by Roundy’s Supermarkets, a Milwaukee-based food retailer.
The Mariano’s store, Roundy’s fourth in Chicago, would employ 200 people when completed.
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