May 23, 2018

Land Sale Will Support New City Commercial Building

312.744.9267

A $3 million commercial building will be developed in New City through a City-owned land sale approved today by City Council.

The vacant, 3.4-acre site at 4021 S. Normal Ave. will be developed by MICO Express LLC as a 30,000-square-foot mixed-use complex for CPMH Construction company, which will relocate to the property from a smaller space nearby. The project includes office space, a truck maintenance area, parking, outdoor storage, and landscaping.

Valued at $806,000, the property will 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 will 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.

 

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