Former Lombard, IL Center to be Redeveloped Into Mixed Use Project

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.

Phase 1 of the project includes the demolition of the former Carson’s building, construction of a multi-family residential building, the creation of a large park area that will be a communal outdoor space, as well as peripheral building modifications to the shopping center that will create a seamless connection to the residential units.