CHICAGO—Throughout the US, there is tremendous demand for mixed-use developments, and that demand is also seen in neighborhoods outside the top submarkets. McShane Construction Co., for example, just completed the Shops and Lofts at 47, a mixed-use development on a three-acre parcel at 747 E. 47th St. The development provides Chicago’s Bronzeville neighborhood with new mixed-income living options and retail opportunities. It was done for The Community Builders, Inc. and Mahogany Ventures, a joint venture of the Skilken company and TROY Enterprises.

The five-story, 202,000-square-foot complex includes 55,000-square-feet of retail space on the first floor, and features a new 41,000-square-foot Walmart Neighborhood Market. As reported in, the new store is part of Walmart’s plan to open 270 to 300 small-format locations in 2014. Walmart opened its first neighborhood market in 1998 and now has about 300 nationally.

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