A Los Angeles-based shopping mall owner is pushing ahead with plans to demolish a former Carson’s store to make way for more than 600 apartments to be built in a later phase within a large regional mall it owns west of Chicago, despite a recent loan maturity that pushed the loan into special servicing.
Owner of Mall Near Chicago Takes Next Step in Apartment Development Despite Debt Maturity
Yorktown Center Loan Moves to Special Servicing, Pacific Retail Capital Partners Says
By Ryan Ori
CoStar News
April 19, 2024 | 3:47 P.M.
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IN THIS ARTICLE
- Properties
- Yorktown Center
203 Yorktown Shopping Ctr, Lombard, IL
- Companies
- Pacific Retail Capital Partners
Real Estate