Report: New mixed use center coming to Chicago

Chicago – A former bank building in Chicago is the planned site for a new mixed use retail/residential complex. According to Crain’s Chicago Business, Novak Construction Company intends to build a 60,000-sq.-ft. ground floor retail center with 80 to 160 residential units located above it.



Novak bought the site, located at the northeast corner of Belmont, Ashland and Lincoln Avenues, from Target Corp. earlier in 2014. Target, in turn, purchased the previously vacant site in 2013 with intentions to eventually build a new store, but later scrapped those plans.