New development is a joint venture between Pacific Retail Capital Partners and Synergy Construction

CHICAGO, Sept. 27, 2022 /PRNewswire/ -- Pacific Retail Capital Partners (PRCP), one of the nation's leading retail developers and operating groups of large open- air and enclosed shopping centers, and Synergy Construction, a development and construction firm, announced today the acquisition and redevelopment of the former Carson's anchor store at Yorktown Center in Lombard, IL.

The 12-acre property, located at 230 Yorktown Center, will be co-developed by PRCP and Synergy, with new luxury multi-family buildings, a 3+ acre park area that will be used as a communal outdoor environment and newly energized dining and retail offerings. Construction on the two-phase project is anticipated to begin in Spring 2023 with an estimated completion of phase 1 in Spring, 2025 subject to final planning review by the Village of Lombard.

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