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

Midway Center, Jones Center

Chicago,
IL
(2021)

Nonprofit Hub

CDE(s): Chase, Urban Development Fund (Aries Capital)

Social service provider for low-income families. Project supports the major renovations and program expansion at two MFS facilities. Major upgrades and 5,000 sq. ft. expansion to create a modern 18,600

Leading Edge Hydraulics

Rockford,
IL
(2023)

Manufacturing

CDE(s): Community Development Venture Capital Alliance

LEH, founded in 1965, manufactures fluid conveyance systems for use in equipment and heavy machinery in the agricultural, construction, material handling, mining, forestry, groundskeeping, transportation, and alternative energy industries. LEH

Saint Anthony Hospital

Chicago,
IL
(2016)

Community, Hospitals and Emergency Services

CDE(s): Community Hospitality Healthcare Services

In the works since at least 2012, an ambitious plan to build a new community health and wellness campus in Chicago’s Little Village neighborhood has cleared another milestone.