The partnership plan to redevelop the properties, located at 1601 N. Harlem Ave. and 4730 W. Irving Park Rd., into mixed-use developments with retail and residential components.
The first site to be revitalized is located at the intersection of North and Harlem avenues. Straddling the border of Chicago and Elmwood Park, it includes a former Sears store at 1601 N. Harlem Ave., in the city’s Galewood neighborhood, as well as a shuttered Sears Auto Center at 1630 N. Harlem Ave., in Elmwood Park. Separately, Tucker and Seritage plan to redevelop the Sears store located at the intersection of Milwaukee and Cicero avenues and Irving Park Road – an area known as Six Corners.
“We are thrilled to partner with Seritage on these two dynamic projects that will transform these properties into vibrant retail and residential destinations,” Tucker CEO Aaron Tucker said in a statement.