The mixed-use development planned for the site of the famed former Purple Hotel in Lincolnwood, Illinois has begun construction. According to its sponsors, the District 1860 redevelopment project will contain 299 residential apartments, an Amazon Fresh grocery store, and more than 400,000 square feet of extra leasable retail and restaurant space. Representatives from Highland Park-based Tucker Development and AECOM-Canyon Partners, a joint venture created by two Southern California organizations, announced the completion of construction financing. According to a joint statement from the developers, commercial space at the new Tucker Development mixed-use development , which is anticipated to be completed in 2023, is already 65 percent pre-leased.
“We are thrilled to be working with AECOM-Canyon on this exciting and innovative project. We’d want to express our gratitude to the Village of Lincolnwood and Mayor Jesal Patel for their consistent support of District 1860 “Tucker Development’s Richard Tucker stated in a statement. Tucker previously named the two eateries planned for the Illinois mixed-use development as Fat Rosie’s Taco and Tequila Bar and Fat Pour Tap Works, both local businesses.
Tucker Development mixed-use development background
The Purple Hotel started as a Hyatt in 1962 but eventually became infamous for organized crime and decadence. It was demolished in 2013 after being acquired by North Capital Group, whose owner, Zvi Feiner, is facing federal fraud charges amid claims that he exploited his status as a rabbi to conduct a Ponzi scheme that targeted Orthodox Jewish community members. The site’s renovation is the subject of ongoing lawsuits in federal court. Lake Forest Real Estate Investors, which had been under contract to buy the property, sued the town and former Mayor Barry Bass in 2019, saying that Bass had “greased the skids” in favor of Tucker, a longtime ally.