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| Menomonee Club Building, 1535 North Dayton Street, Chicago, IL |
CHICAGO, IL – Chicago-based Structured Development
announced it has entered into an agreement with the Menomonee Club to
purchase its 36,000-square-foot community center at 1535 N. Dayton St., known
as the Drucker Center.
Structured plans to develop a new facility for the nonprofit
organization on a portion of its 2.5-acre site at the southwest corner of
Blackhawk and Kingsbury streets, where the developer has proposed a
200,000-square-foot mixed-use center called The Shops at Big Deahl.
Under the agreement
with the Menomonee Club, which is contingent upon Structured’s ability to secure approvals from
city officials, the developer will assume control of the existing Menomonee
site at 1535 N. Dayton St., allowing for the development of a 197-unit
apartment building.
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| J. Michael Drew |
The revision would also expand the planned development with additional land at 855 W. Blackhawk St., which Structured acquired in August 2017.
“The Menomonee Club
has been an integral part of this neighborhood for over 70 years and in the
Halsted Triangle since 2001,” said J. Michael Drew, founder of
Structured Development.
“Being able to provide it with a new state-of-the-art
facility acknowledges its place as a key part of the fabric of the greater
Lincoln Park community and, more specifically, the Halsted Triangle.
The growing residential and mixed-use plans for the
surrounding area make Menomonee Club an even more important resource for the
community.”
For more information, please contact:
Susan Swartz, sswartz@taylorjohnson.com, (312) 267-4519
Abe Tekippe, atekippe@taylorjohnson.com,
(312) 267-4528
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