Jeffrey Plaza/Shop & Save Market

Chicago,
IL
(2019)

Jeffrey Plaza/Shop & Save Market

Grocery and Fresh Food

In February 2019, CDF provided $12 million in NMTC allocation to 7131 Jeffrey Development to fund the purchase of the entire 113,300 sq. ft. Jeffery Plaza shopping center and renovation and equipment purchase and installation for a 62,300 sq. ft. full-scale Shop & Save Market grocery store.

Investment

NMTC Amount: $11,760,000
Total Project Cost: $24,627,229

IMPACT

180 FTE jobs
123 construction jobs
113,000 sq. ft. of real estate

CDEs

Chicago Development Fund

Investor

PNC

Project Description

In February 2019, CDF provided $12 million in New Markets Tax Credit (NMTC) allocation to 7131 Jeffrey Development, LLC to fund the purchase of the entire 113,300 sq. ft. Jeffery Plaza shopping center and renovation and equipment purchase and installation for a 62,300 sq. ft. full-scale Shop & Save Market grocery store in the center’s former Dominick’s space.

The project also includes site work and an allowance for tenant improvements in the non-anchor spaces. The project is located at the southeast corner of 71st Street and Jeffery Boulevard in the South Shore community area.

MAP

Address: 2101 East 71st Street, Chicago, IL 60649

Census Tract: 17031430600

Other Illinois Projects

Ottawa YMCA Healthy Living Campus

Ottawa,
IL
(2021)

Recreation

CDE(s): Central States Development Partners

Finances the construction of a new 65,000 sq. ft. YMCA on a three-acre parcel. The new facility includes a Healthy-Living Campus featuring a competition pool, space for group classes and

Kone Center

Moline,
IL
(2010)

Mixed-use, Retail

CDE(s): Cinnaire New Markets, Waveland Community Development

Headquarters for Kone Company and other – mixed-use, including retail, office and additional public amenities: This project is part of a multi-stage development plan that includes the participation of the

PCC Austin Family Health Center

Chicago,
IL
(2010)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare

CDE(s): Chicago Development Fund

Chicago Development Fund provided $6.5 million in NMTC financing to PCC Wellness Center, a nonprofit organization and operator of multiple federally qualified health centers located in Chicago's West Side and

Covenant House Illinois

Chicago,
IL
(2021)

Community, Shelters and Community Food

CDE(s): Chicago Development Fund

Funding for the acquisition and renovation of a 3-story building located at 2934 West Lake Street in East Garfield Park for a nonprofit service provider.