BISHOP PLAZA SHOPPING CENTER

Rehabilitation and conversion from single to multi-tenant occupancy of an existing 55,775 square-foot former grocery store; cosmetic rehabilitation of an existing 13,390 square-foot multi-tenant strip shopping center; and construction of a new 6,534 square-foot multi-tenant retail building

PROJECT TYPE:

Commercial Property

DEVELOPER:

Matanky Realty Group, Inc.

GENERAL CONTRACTOR:

Phoenix Builders, Ltd.

ARCHITECT:

Chicago Associates Planners and Architects

INVESTOR FUND:

Community Reinvestment Fund 2005 LLC

PROJECT OWNER:

Bishop Plaza L.L.C.

ADDRESS:

1422 West 47th St. and 4628-44 South Bishop St.
Chicago, Illinois

NEIGHBORHOOD:

New City
Back of the Yards
Located in Low-Income census tract
(at time of initial investment)

NUMBER OF BUILDINGS:

3

TENANTS:

Farmers Best Market 31,750 sq. ft.
A.J. Wright 24,025 sq. ft.
The United States Postal Service 1,210 sq. ft.
Chinatown Kitchen 1,175 sq. ft.
Illinois Department of Corrections 1,646 sq. ft.
T.J. Beauty Supply L.L.C. 2,379 sq. ft.
Motive Auto 6,000 sq. ft.
Cole Taylor Bank 980 sq. ft.
New Outparcel Building 6,534 sq. ft.

TOTAL COST:

$11,600,000

CRF CAPITAL
(net to project):

$ 2,000,000

For more information please visit: www.matanky.com