Save-A-Lot is set to open a new grocery store in Altgeld Gardens in 2024 and residents have mixed feelings about the grocery brand, which has a poor reputation in Chicago.
Rosebud Farm Stand, a now shuttered grocery store, in the 500 block of East 130th Street, in Chicago, on Feb. 22, 2023, is near the site where a Save A Lot store is set to open on vacant city land.
The new store will be operated by Yellow Banana, a grocery company owned by the Cleveland- based investment firm 127 Wall Holdings LLC. Yellow Banana operates 38 Save A Lot stores nationally, including a handful in the Chicago area. Last summer, Yellow Banana was awarded $13.5 million in city tax increment money to reopen an Auburn Gresham Save A Lot shuttered in 2020 and to renovate five other Save A Lots it operates on the South and West sides. The City Council cleared the funding in November and Nance said Yellow Banana will secure the funding in the coming week. Renovations are expected to begin soon after.
A shuttered former convenience store at 130th Street in Chicago, on Feb. 22, 2023, near the site where a Save A Lot store will be built on vacant city land. David Doig, president of the Chicago Neighborhood Initiatives, helped Yellow Banana with the application process for the city grants that he said will help cover a portion of the
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