Construction of a 299-unit mid-rise residential development named District 1860 has commenced in Lincolnwood, Illinois. This mixed-use project will also feature an Amazon Fresh Grocery store along with restaurants and retail spaces.
The District 1860 project is being built at the site of the former Purple Hotel, an infamous landmark situated at 4500 West Touhy Avenue. The site is in close proximity to downtown Chicago and Evanston, and is also quite commuter-friendly; providing transit accessibility to major highways, Oakton-Skokie CTA, and Edgebrook Metra train stations, including access to the Chicago O’Hare International Airport, as well as other neighboring employment centers.
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A joint venture partnership was formed between AECOM-Canyon Partners, known for large-scale commercial real estate projects and Chicago-based Tucker Development, developers of mixed-use properties to execute the District 1860 project. The joint venture also simultaneously closed on a senior construction loan recently from Pacific Western Bank, which will be used as part of the funding for the project.
District 1860 project already has 65% of Retail spaces pre-leased
The District 1860 project is scheduled for completion in 2023 and the retail space is already 65% pre-leased. Retail spaces will have several dining options and upto 40,000 Square feet of additional retail and restaurant space is available for leasing. The mixed-use development will also include a public space for gatherings, as well as Class A multi-family units with high-end finishes and amenities. Richard Tucker, CEO of Turker Development identified the two restaurants that would occupy the complex as the local chains Fat Rosie’s Taco and Tequila Bar, and Fat Pour Tap Works.
Tucker was also excited to have the Amazon grocery store as the anchor tenant for the District 1860 project and he mentioned that the first Amazon Fresh store in the Midwest opened as part of a Tucker Development project in Naperville recently. Tucker said his company was excited to partner with AECOM-Canyon on this dynamic and transformative District 1860 project, and he expressed his gratitude to the Mayor of Lincolnwood Jesal Patel and the Lincolnwood village for their unwavering support of the project.
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So there will be NO HOTELS? A GREATLY MISSED OPPORTUNITY! AMAZON FRESH WOULDN’T HAVE BEEN MY CHOICE!
PETE’S FRESH MARKET would have been a BETER LOCAL CHOICE!