A one-acre parcel located at 13218 State Highway 29 recently sold to EL Jap LLC and the land will be developed into a restaurant in conjunction with the new Texas Pawn and Jewelry store.
The acquisition represents the firm’s broader suburban investment strategy.
The city would provide a $6.64-million Tax Incremental Financing loan for the plan to redevelop the 90-year old city-owned structure into an entertainment and dining complex in the Bridgeport neighborhood of Chicago.
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