DL3 Realty is looking to resuscitate two South Side retail buildings left empty by Target’s departure on Feb 2.
The South Side developer is under contract to buy both buildings from the retail giant, which still owns the properties at 11840 South Marshfield Avenue and 8560 South Cottage Grove Avenue in the Morgan Park and Chatham neighborhoods, DL3 managing partner Leon Walker told The Real Deal Monday.
The Minneapolis-based retailer drew an uproar from neighbors and political leaders in the fall when it announced it would shutter the stores. The company cited poor sales numbers at both locations but plans to open two stores on the city’s North Side by next year, including one at Fifield Companies’ 220-unit “Logan’s Crossing” complex in Logan Square.
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