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Developer Proposes Strip Center for Roseland Corner

CHICAGO-South suburban developer Khadim Mustafa strikes a deal for a city-owned lot at 737 W. 103rd St. but needs one more 3,400-sf parcel to build a 7,700-sf retail center.

By Mark Ruda | Updated on June 13, 2005

CHICAGO-A 3,400-sf city-owned lot in Roseland will be sold to a developer, who is assembling four parcels at the southeast corner of 103rd and Halsted streets to build a 7,700-sf retail center. Khadim Mustafa, who has developed a neighborhood retail center in South Holland, already owns two of the four lots he needs for his six-tenant, $535,000 project.

Mustafa, who acquired two similar-sized lots last year for little more than $20,000, will pay the city the appraised value of $8,900 for 737 W. 103rd St. The sale, endorsed recently by the community development commission, will not close until Mustafa negotiates the purchase of 735 W. 103rd St. from a private owner, according to the department of planning and development. Construction of the shopping strip is expected to take a year.

Department of planning and development project manager Edward Lewis says Mustafa has generated interest in his proposed center from restaurateurs, cell phone companies and laundry operators. Among operations the city will block are beauty shops and pay-day loan operations, he adds.

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