patching...
Welcome back, Patch Blogger!

Redevelopment

Wednesday, March 20, 2013

Plaza Redevelopment Back on Front Burner

Tampa, FL-based DeBartolo Development in negotiations to purchase the Plaza, with vision to restore shopping center to its former glory. Evergreen Park Village Board praying for group's success.

The Plaza appears to be on the front burner again with a new group eyeing the property for redevelopment. Connect with Patch: Evergreen Park / Beverly-Mt. Greenwood / Oak Lawn This time, it’s DeBartolo Development LLC, the Tampa, FL-based inventor of the enclosed regional shopping center which intends to pump $111 million into the aging shopping mall, that includes demolishing many of the existing stores. Once a Mecca for Southland shoppers, the 1952-era shopping center at 95th Street and Western Avenue has fallen on hard times and is a shell of its former greatness. Last year, a redevelopment deal fell apart when GMX and the Janko Group couldn’t get the necessary financing to purchase the Plaza from its owners. Jay Adams, a development …

In this Article:

If the Deal for the Plaza is Really Dead, It's Time to Regroup (in Evergreen Park Patch), VIDEO: Making The Plaza Development a 'Destination' (in Evergreen Park Patch), Residents Dream Out Loud for the Future of The Plaza (in Evergreen Park Patch), and 11 more ›

Southside Supporter

9:00 am on Wednesday, May 15, 2013

DeBartolo is becoming very active in development around the Chicago area. http://www.chicagotribune.com/business/breaking/chi-chicago-spire-20130515,0,6888240.story   more ›

Friday, September 14, 2012

Kmart Property Takes Giant Step Toward Redevelopment

Oak Lawn selects Hamilton Partners to redevelop corner of 111th Street and Cicero Avenue. Construction of some shops to start in 2013.

The outdated shopping center at 111th Street and Cicero Avenue that was once the subject of a years-long court battle took a giant step closer to redevelopment. Oak Lawn trustees approved a memorandum of understanding between the village and the developer chosen to redevelop the 1976-era shopping center, during Tuesday’s board meeting. Subscribe to the Oak Lawn Patch newsletter and breaking news alerts. The memorandum is the first step toward a formal lease agreement with Itasca-based Hamilton Partners, a firm that specializes in investment, development and management of commercial properties. Oak Lawn settled its litigation with Sears Holdings Company, which had sued the village when the property was included in a TIF district in 2006. …

In this Article:

Village of Oak Lawn, Attention Kmart Shoppers: Village Reaches Settlement With Sears Holdings at Cost of 80 Jobs, Village Board Approves Purchase of 111th and Cicero Retail Property for $10.9 Million, and 4 more ›

Carol

3:18 pm on Thursday, February 21, 2013

Although I don't frequent Trader Joe's, I might if it were closer than Orland. Oak Lawn already has like 5 Starbucks no more of those please ! I love the Rainbow Cone idea and some specialty shops, Charming Charlie would be nice and how about a Garrett Popcorn, tired of going downtown Chicago for that ! Another great pizza place so we have a choice other than Palermos ... and no more dollar …   more ›

Got a Hot Tip?
 
 

Videos

 

Most Popular Articles

  1. Leaked List Details Village Commissioners’ Allegiance
  2. Sting Nets Gas Station Employee in Synthetic Pot Sale, Cops Say
  3. Robbers Force Woman To Withdraw Money from ATM
  4. Protesters March Down 95th Street Over Alleged Racial Profiling
  5. Oak Lawn DUI Arrests: May 11-18

PSST! Want to Contribute?

  • Got a hot tip on news you think everyone should know? Tell us.
  • Just married? New baby? Make honor roll? Add an Announcement
  • Organizing that big block party or poetry reading? Put it on the calendar!
  • Have a great photo of your community?
    Add it to Your Neighborhood Gallery.