Oct 19, 2021 - Real Estate
Fareway plans more development for Gray's Lake area
A Midwest Quality Wholesale store is being planned at a site near Gray's Lake, Fareway spokesperson Emily Toribio told Axios Monday.
- MQW is a subsidiary of Fareway, which has offered to buy five vacant city-owned lots near the 2500 block of Sunset Road for the project.
Why it matters: It's another sign that development in that near-downtown area is heating up.
- The location is near a planned $84 million professional soccer stadium and a separate 140-acre area where city leaders are developing a master plan that includes new retail and rowhouses.
Details: Fareway would pay $133,200 for the lots, according to city documents.
- A building that's at least 13,320 square feet would be constructed there within six years.
Of note: MQW is a distributor of cleaning chemicals, supplies and other products. It's unlikely to have the volume of traffic that's typical of a grocery store.
What's next: A public hearing on the sale of city land is scheduled for Nov. 1.
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