Lincoln Park Center Breaks Ground

CHICAGO-Following the demolition of the former New City YMCA LEED Council building, ground has been broken for Lincoln Park Center, a new retail development at the intersection of North Ave., Halsted Street, and Clybourn Ave. North/Halsted LLC, whose principals include J. Michael Drew and Daniel A. Lukas of Structured Development, and Michael George of Mid-America Real Estate, purchased the 75,000-sf site in October 2002. An entity known as Drew & Co. will be the project’s developer.

The development will consist of two masonry-and-glass buildings joined by a pedestrian walkway totaling 59,500 sf, plus a four-level, 155-car parking garage. Anchored by a 25,000-sf Borders Books, Music & Cafe, the property will also feature a 13,500-sf LaSalle Bank branch facility with five drive-through lanes. Final lease negotiations with several additional retail tenants are in the works and 100% occupancy is expected prior to the grand opening, scheduled for fall 2003.