The Village of Glen Ellyn has approved a development that will have high-end grocer The Fresh Market as its main retailer near the Wheaton-Glen Ellyn border on Roosevelt Road.
Discussion about the proposed development came to light in December 2011 and the Village's Board of Trustees approved the $12 million project during its meeting Monday night, according to a story in the Daily Herald.
According to the Herald, the development will include five retailers in the 10,000 square-foot development.
The business will be located in the former site of the Packey Webb car dealership, the Herald reported.
The Fresh Market develops grocery stores that aim to bring back "the feeling of open European style markets," according to the company website .
The Chicago Tribune reported the Village of Glen Ellyn agreed to invest an upfront reimbursement of up to $793,000 for the business and a sales tax incentive of $1 million, or a sales tax revenue sharing split of 60/40 between the village and developer.
Wheaton City Council on Monday will discuss the developer's request for subdivision approval of the parking lot at the future development. The lot, adjacent to the Glen Ellyn building, is in Wheaton.
The developer is expected to demolish the current building in spring or summer 2013, according to the Tribune.