Des Plaines Mariano's inches closer to reality
A new Mariano's grocery store in Des Plaines is inching closer to reality now that the real estate deal for the project is complete, officials said.
Abbott Land & Investment Corp., a Bartlett-based development company that represents Mariano's in real estate matters, is now in control of the 10-acre site on the northeast corner of Golf and Mount Prospect roads, according to Des Plaines City Manager Mike Bartholomew.
Now the developer can begin applying for permits to begin demolition of the existing bus barn and office on site, expected to begin later this fall or early spring, Bartholomew said.
Mariano's officials have been interested in the site since company CEO Bob Mariano himself drove past the former Motor Coach Industries bus company property two years ago.
The city council in May approved two financial incentives for the project: a Cook County tax exemption that will lower property taxes for 12 years, and a sales tax rebate offered by the city that will give the grocer half the sales taxes generated by the store, up to $875,000.
Developers consider the incentives necessary for the $24 million project. They also plan to spend $1.3 million on road improvements.
The store's opening is expected during the first half of 2017.