Pacific Retail Capital Partners and Synergy Construction acquired the former Carson's anchor store at Yorktown Center in Lombard, IL for redevelopment

The 12-acre property, located at 230 Yorktown Center, will be co-developed by PRCP and Synergy, with new luxury multifamily buildings, a 3+ acre park area that will be used as a communal outdoor environment and new dining and retail offerings. Construction on the two-phase project is anticipated to begin in Spring 2023 with an estimated completion of phase 1 in Spring, 2025 subject to final planning review by the Village of Lombard.

Originally opened in 1968, Yorktown Center had as one of its anchors, Carson Pirie Scott, which enjoyed a 50-year run as a department store in Lombard before closing its doors in 2018. Pacific Retail has owned the property since 2012 and has been able to rebalance the asset by implementing a renovation of the interior of the mall, targeted leasing upgrades, master planning and adding a residential community to Yorktown Center, including a portion of the center that was rezoned by PRCP for residential and sold off in 2018 to develop over 500 units, Elan, and Overture.