A $3 million commercial building would be developed in New City through a City-owned land sale introduced today to City Council by Mayor Emanuel.
The vacant, 3.4-acre site at 4021 S. Normal Ave. would developed by MICO Express LLC as a 30,000-square-foot mixed-use complex for CPMH Construction company, which would relocate to the property from a smaller space nearby. The complex would feature office space, a truck maintenance area, parking, outdoor storage, and landscaping.
Valued at $806,000, the property would be sold for $85,000 with the remaining $721,000 placed in escrow to cover potential environmental remediation costs.
The project is expected to retain and create 45 permanent jobs. Construction would begin this summer and temporarily employ approximately 70 people.
CMPH is a full-service construction company specializing in sewer system installation, evacuation work, asphalt paving, masonry construction, custom fences and gates.
# # #