CHICAGO-A $16-million retail project slated for 115th and Halsted streets will be the first grocery-anchored center in the West Pullman neighborhood in 10 years. In addition to an Aldi grocery store, the 65,000-sf center built by Preferred Development includes a recently opened Walgreens.

The project, which replaces a former Chicago Housing Authority warehouse, vacant bowling alley and two storefronts, was recently endorsed by the plan commission. While a Walgreens is taking a 14,820-sf building in the 800 block of West 115th Street, Aldi will operate a store out of 16,101 sf in the 11500 block of South Halsted Street. Another 28,600-sf, multi-tenant building is slated for the west side of the 6.6-acre site, along a railroad right of way. In addition to Aldi and Walgreens, other tenants have signed letters of intent for 16,000 sf.

“After discussions with a number of retailers, we have finally found partners eager to invest in this community and spark the growth that is necessary for a healthy economy,” says Preferred Development executive vice president Thomas Morabito. His company acquired the site in 2004 for $2.3 million.

Although it is less than a block from a Jewel-Osco, Morabito’s retail project is within two miles from a 172-unit single-family and townhouse development on the former Chicago Bridge & Iron Co. site at 105th Street and Vincennes Avenue. Prices will range from $230,000 to $426,000. The city is supporting the development with $11.6 million in tax increment financing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.