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MELROSE PARK, IL-V Land Corp. has broken ground on Food 4 Less Plaza, a 14-acre retail site located at the northwest corner of North Avenue and 25th Street. Anchor tenant is Kroger’s Food 4 Less concept, which plans to open by September. Other tenants include a Hollywood Video, Starbucks, T-Mobile, Jimmy John’s and a Hooters.

Steven Panko, president of V Land, tells GlobeSt.com that his firm had to work closely with the village of Melrose Park in order to have the property re-zoned for retail use. “We perceive this to be an upscale retail project for the community, based on the quality of the tenancy and construction,” Panko says. The cost of the project is estimated to be $20 million, according to Panko.

Approximately 70% of the center is leased. About 7,000 sf of inline retail space is currently available and up to 4,000 sf is available within a multi-tenant outlot building. Al Rodenbostel of Edgemark along with Gary Greenfield of Metro Commercial were leasing agents for V Land Corp. and Kroger.

According to Paul Utigard of V Land, “This has been a challenging site from a redevelopment standpoint. This was once a Benjamin Moore Paint factory. It had to be demolished, cleaned up and re-zoned in order to be developed into a grocery-anchored retail center,” he tells GlobeSt.com. Harbor Construction is GC for the project.

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