$100 million development planned for new Logan Square Mall

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1237-53 N. Milwaukee Ave.

Willmette-based retail developer Terraco Inc. has finally purchased Logan Square’s Megamall at 2500 N. Milwaukee Ave., reports Dnainfo.com. The mall served the neighborhood for nearly 20 years.

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The entire mall will be demolished to make way for a new one, said Terraco’s founder and president Scott Gendell. The demolition process and reconstruction will likely begin next year, he said.

“This should be a feel-good, positive experience for the whole community — with enhancements for the community that’ll make a meaningful difference in peoples’ lives,” Gendell said. “What we’re doing here is [helping] transform Logan Square and give people the amenities and services that this neighborhood deserves.”

The developer will invest more than $100 million to construct the new Logan’s Crossing megamall that will include a fitness center, a grocery store and rental apartments with terraces and a pool deck, depending on residents’ feedback. Gendell indicates that outdoor space and possibly a rare apple orchard on the complex’s northern end are also being planned.

Chicago-based architect Antunovich Associates will design the project, which Terraco hopes to complete by late 2016.

See earlier story here.

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