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Developer Proposes Condo Building on Site of The Market Place Grocery Store

By Paul Biasco | September 8, 2014 7:27am
 The proposed condo building would be built on the site of The Market Place Foodstore. 
The proposed condo building would be built on the site of The Market Place Foodstore. 
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DNAinfo/Paul Biasco

LINCOLN PARK — A developer is proposing a 17-story condo building on the site of The Market Place Foodstore.

Lexington Homes LLC is proposing a building with 78 residential units and 81 parking space at 523 W. Diversey Parkway.

The plan includes retail shops at the intersection of Diversey and Hampden as well as four single-family homes on Hampden Court, south of the alley, according to an announcement from Ald. Michele Smith (43rd).

The homes would be 50 feet tall.

The plan includes a green roof "amenity space" on top of the parking structure along Diversey.

Smith's office is holding a meeting along with the developer and the Park West Community Association to discuss the proposal at 6:30 p.m. Monday at Sunrise of Lincoln Park, 2710 N. Clark St.

"As you know, I work hard to provide an open and transparent community review of all local development," Smith said in an announcement emailed to constituents about the project.

The Market Place Foodstore has been in Lincoln Park since 1927.

The owner of the business, Peter Stellas, is the grandson of the store's founder.

In an interview last year, Stellas said the store had been struggling since the arrival of Trader Joe's and Walmart Neighborhood Market to the neighborhood.

Stellas owns the 16,785-square-foot building and adjacent 12,840-square-foot parking lot.

He could not be reached for comment on the development proposal.

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