By RE Journals
On March 7, Leon Walker, managing partner at DL3 Realty, Chicago Mayor Rahm Emanuel and various community leaders broke ground on a new Jewel-Oscoat 61st Street and Cottage Grove Avenue.
The project, a joint venture of DL3 Realty and Terraco Real Estate Development and Management, is a 48,000 square-foot development located in Woodlawn, an emerging community that is home to the University of Chicago’s South Campus and just minutes from the future site of the Obama Presidential Center. The full-service grocery store and drive-through pharmacy will eliminate a food desert, bringing high-quality fresh food options and more than 200 jobs to the Woodlawn community. The store is expected to open in early 2019.
Preservation of Affordable Housing Chicago sold the site to DL3 Realty and Terraco last year for $2 million. It is the last parcel of undeveloped land from the former Grove Parc public housing projects.
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