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Work Starts on Food 4 Less Plaza

MELROSE PARK, IL-The site of a former paint factory is in the process of being redeveloped into a grocery-anchored shopping center.

By Bonnie Grota | Updated on July 06, 2006

For more retail coverage, click GlobeSt.com/RETAIL.

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.

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