Wal-Mart Stores Inc. plans to open smaller-format Neighborhood Market stores in the Little Village and Back of the Yards neighborhoods next year.
The Back of the Yards store, to be in vacant retail space at West 47th and South Bishop streets, will be about 31,000 square feet and employ around 100 people, a spokesman for the Bentonville, Ark.-based retailer said.
About four miles away, the company also plans a store at 2551 W. Cermak Road in Little Village, which will be roughly 37,000 square feet and employ about 120 people, the spokesman said. The site houses a 120,000-square-foot retail center, according to LoopNet.com.
Construction of each store is estimated to cost $5 million, according to BidClerk.com, a construction industry data provider.
To read the rest of the story, please go to: Crains Chicago Business
