LOMBARD, ILL. — A joint venture between Pacific Retail Capital Partners (PRCP) and Synergy Construction Group has broken ground on the mixed-use redevelopment of Yorktown Center, an enclosed regional mall located in the Chicago suburb of Lombard.
The 1.2 million-square-foot mall opened its doors in October 1968. The 130-acre property is currently home to over 170 stores and restaurants, including anchors Von Maur and JCPenney.
The joint venture acquired a 217,887-square-foot anchor building at the site that was formerly occupied by Carson Pirie Scott in fall 2022. The property will be demolished to make way for Phase I of the redevelopment, which will include a community park dubbed The Square, 600 residential units and thousands of square feet of new, exterior-facing shops and restaurants.
The Square will feature a children’s play area, entertainment stage, dog park and fitness area. New retail space will be occupied by tenants including The Fresh Market, Tapville Social, Empire Burgers + Brew, Dave & Buster’s and Ancho & Agave, among others.
The residential portion of Phase I, Yorktown Reserve, will offer luxury multifamily units. Shared amenities will include a fitness center, resort-style swimming pool and hot tub, sauna, business center, DIY room, game room, multiple media and theater rooms, an indoor dog wash station and a shared kitchen with private dining space.
Phase I is expected for completion in summer 2026. Plans have also been announced for an adjacent 90-unit residential community, Summit at Yorktown, that will be developed over the course of the next three years.
This project joins a flurry of other recently announced mall redevelopment projects, including the $850 million reimagining of Metrocenter Mall in Phoenix; the $1 billion redevelopment of Lakeside Mall in the Detroit suburb of Sterling Heights, Mich.; and the redevelopment of Gwinnett Place Mall in metro Atlanta.
“Malls around the country are increasingly adding residential components to their site plans because the demand for housing is at an all-time high, especially in well-located mixed-use neighborhoods where everything consumers and renters need is within walking distance,” says Philip Domenico, principal at Synergy.
The Chicago-based firm is a privately held development and construction company. Over the past 15 years, Synergy has designed, developed and constructed hundreds of projects locally in Illinois, as well as across Florida, Texas, Colorado, Indiana and Michigan.
Los Angeles-based PRCP is an operator of open-air and enclosed regional malls in the United States with more than $3 billion in assets under management. The company’s portfolio totals 25 properties spanning 20 million square feet.
—Katie Sloan