WOODLAWN — Officials from Preservation of Affordable Housing said Monday they are close to securing a lease with a new grocery store for Woodlawn.
Bill Eager, vice president for the affordable housing group's Chicago branch, said Monday the nonprofit that has been redeveloping Grove Parc Plaza is close to announcing a new grocer for the corner of 61st Street and Cottage Grove Avenue.
“It’s a significant player in the grocery store market,” Eager said, though declined to name the grocer. “It’s not Mariano’s.”
He said the store would be 48,000 square feet and would have 180 parking spots.
The nonprofit has been saying for a year that it wanted to develop a grocery store after more of its residential properties are in construction.
Preservation of Affordable Housing is closing on financing this week and will start construction later this month on the $28 million Woodlawn Station, which will bring 55 apartments and 15,600 square feet of retail space to the neighborhood.
Eager said the nonprofit developer is now shifting to working on more retail projects, including the grocery store project.