Grocery store coming to Water Street

December 11, 2008 by  
Filed under Breaking News, News

Aldi Foods coming to Ypsilanti's Water Street Project.

Sources at Washtenaw County have told YpsiNews that plans for an Aldi Foods grocery store, Burger King, and a 1-story strip mall on Michigan Avenue are being finalized for the struggling Water Street project.

Aldi already has stores in Canton Township and Westland.

Burger King is expected to relocate from their store on East Michigan in Ypsilanti Township. No other tenants have been discussed.

The Water Street property had been divided into several smaller parcels for sale with the hope that it could attract interest in the project. Terms of the sale and the size of the parcel purchased have not been disclosed.

Water Street is 38 acres along US-12/Michigan Avenue and the Huron River in Downtown Ypsilanti. The City owes nearly $18 million on the project and has spent some $30 million of taxpayer money to acquire the property. The City has estimated they would need $80 million in development to payback the bonds used to purchase and clean-up Water Street.

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