Lombard trustees are expected to vote later this month on a zoning request that would pave the way for a multifamily-housing developer to tear down the former Carson's department store at Yorktown Center and build hundreds of apartments.
Pacific Retail Capital Partners, the owner of the core mall property, and Chicago-based Synergy Construction Group have teamed up for a proposed redevelopment valued at more than $200 million.
In industry lingo, part of the shopping center would be"de-malled." It's an increasingly common strategy as housing, entertainment and restaurants eat up retail space in the age of online shopping. Yorktown opened in 1968, about four years after Oakbrook Center in neighboring Oak Brook. Demolition of the department store creates a gaping hole in the side of the hulking mall. As part of the project, the development team would build a new exterior facade adjacent to the parklike plaza. That work is intended to make the enclosed mall more outward-facing and accessible -- not unlike The Shops on Butterfield, an extension of Yorktown, but with more convenient parking and a walkable streetscape.
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