A new supermarket will be built on the Near South Side through a City-owned land sale approved today by City Council.

The 2.5 acres of land at 1625 S. Clark St. will be sold for $3.5 million, its appraised value. 

“New retail development provides, jobs, goods and services for neighborhood residents,” Mayor Emanuel said.  “This sale will help achieve those benefits.”

The $22.7 million, three-story project by the Simon Konover and Outlook Development Group will include 65,000 square feet of ground floor retail space and two levels of parking.  The retail space will be leased to Mariano’s Fresh Market store.  Mariano’s is owned by Roundy’s Supermarkets, a Milwaukee-based food retailer.

The Mariano’s store, Roundy’s fourth in Chicago, will employ 200 people when completed.

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