We are thrilled to announce the Jewel-Osco redevelopment project at Clark and Division was unanimously approved on January 21 by the Chicago City Council. The project has now received all necessary approvals and is scheduled to break ground by the summer of this year.
The final approval comes after two years and more than 30 community meetings with local residents, business owners, community groups, home owners' associations and elected officials to reach consensus on a redeveloped Jewel-Osco.
We sincerely appreciate the many groups and individuals who have provided steadfast support for the project throughout the years. During a previous meeting of the City Council's zoning committee, a number of aldermen and community groups highlighted the widespread support the project has in the neighborhood, and gave credit to all those involved for creating such a robust community engagement process.
The flagship Jewel-Osco will be an anchor in the neighborhood, providing residents a modern and exceptional full-service grocer. The new luxury rental apartment building at the northeast corner of LaSalle and Division will bring safety and security improvements, along with a vastly improved streetscape. We are investing more than $1 million in neighborhood improvements, including the enhanced streetscape, pedestrian crosswalk improvements, landscaping and more lighting along Clark and Division Streets. These much needed neighborhood improvements will make the area of Clark and Division a more safe and beautiful environment reflective of the Gold Coast.
We will provide a timeline for breaking ground and construction in the coming weeks, so please check back and do not hesitate to contact us with any additional questions.
Thank you, again, for your continued support.