City Council approves tax incentive for new Ashburn supermarket

Ciere Boatright commissioner of the Chicago Department of Planning and Development (DPD) | LinkedIn

By Chicago City Wire

Sep 18, 2024

The recently completed Pete's Fresh Market store in Ashburn was approved for a Cook County Class 7(d) property tax incentive by City Council today to help offset construction costs.

Opened in May at 3250 W. 87th St., the $15 million, 88,000-square-foot store by 87th and Kedzie West LLC replaced an Ultra Foods store that closed in 2017. 87th and Kedzie West LLC is an entity of Pete’s Fresh Market.

The incentive will reduce taxes on the property by an estimated $4.6 million during the 12-year term. The Class 7(d) incentive is intended to encourage grocery stores investments in areas challenged by economic conditions.

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City of Chicago Department of Planning and Development

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