February 11, 2019
The last of 15 former Dominick’s locations to remain vacant six years after the supermarket chain closed its doors will now become a Shop & Save. 7131 Jeffrey Development LLC recently closed on the acquisition of Jeffrey Plaza at 2101 E. 71st St. in the South Side’s South Shore neighborhood, some 11 months after signing a purchase agreement.
The 62,000-square-foot Shop & Save that replaces Dominick’s will be the Chicago-area grocery chain’s seventh location overall, and third in Chicago. The City Council approved $10 million in tax increment financing last October toward the $24.5-million acquisition and redevelopment of the 113,000-square-foot shopping center.
“This is a major project that will create good jobs in the 5th Ward,” Ald. Leslie Hairston, who represents the ward, said last October when TIF assistance was approved. Additional city support included $4 million in New Market Tax Credits from the Chicago Development Fund.
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