A $2.8 million retail complex will be developed on the southwest corner of 31st and Halsted streets in Bridgeport through a City-owned land sale approved today by City Council.
The two-building, 4,500-square-foot project by Glazier Project LLC will replace a vacant, 0.4-acre lot owned by the City. One of the buildings will house a 2,300-square-foot Starbucks drive-through cafe. A tenant for the other building is yet to be determined.
Valued at $790,000, the property will be sold for $625,000, with $278,000 from the sale proceeds placed in escrow to construct an underground storm water management system.
The project will create up to 50 temporary construction and up to 27 permanent jobs.
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