Two Sears store locations in Chicago will be redeveloped into mixed-use developments with retail and residential components. Tucker Development announced a strategic partnership with Seritage Growth Properties to renovate the two properties, located at 1601 N. Harlem Avenue and at 4730 W. Irving Park Road.
“We are thrilled to partner with Seritage on these two dynamic projects that will transform these properties into vibrant retail and residential destinations,” said Aaron Tucker, chief investment officer of Tucker Development.
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 Avenue in the city’s Galewood neighborhood, as well as a shuttered Sears Auto Center at 1630 N. Harlem Avenue 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. Set to close in July, the Six Corners location is the last Sears location in Chicago, the city that the once-mighty retailer was headquartered in for over 100 years.
“We are excited to partner with Tucker Development to transform these two, well-located properties into highly productive mixed-use destinations that add value to their respective communities,” said Jeff Martin, vice president of development at Seritage. “Tucker’s expertise and local knowledge will play an integral role in helping to bring our collective vision for both sites to fruition. As we advance our plans, we look forward to working in close collaboration with the city and local stakeholders to deliver two exceptional projects.”
