A 52,000-sf Jewel-Osco store is being built on 2.6 acres on Kinzie Street between Union Street and DesPlaines Avenue. The community development commission endorsed $4 million in tax increment financing for the $19.2-million project to help offset higher costs as a result of being required to build the store 24 feet above grade to accommodate a future high-speed rail line connecting Downtown with O'Hare International Airport.

Two years ago, Fifield Cos. and MCZ/Jameson Development Group paid $2.9 million per acre for 3.37 acres in the 600 and 700 blocks of W. Kinzie Street. Fifield Cos. is now building the $107.5-million, 451-unit Left Bank at Kinzie Station with Prudential Insurance Co.

About 42% of RDM Development & Investment's units in its Trio project, which will be in a pair of seven-story buildings as well as a 22-story tower with 10,000 sf of retail space, have been pre-sold. "This has been in the works for several years, and it will feature street-level retail, with a Jewel Food store going up across the street," says RDM Development & Investment president Robert D. Mosky, whose company plans to break ground in September.