An already-bustling intersection may be getting one more addition, as rumors fly about a Target at the corner of Lincoln, Belmont and Ashland avenues.
Sources confirmed the sale of the former LaSalle Bank Building at the corner of Lincoln, Belmont and Ashland avenues during a Jan. 8 West Lake View Neighbors meeting.
During conversations about the development, Frank Campise, CEO of JAB Real Estate Opportunity Funds, told the group that Target very recently purchased the building at 3201 N. Ashland Ave.
But one day later, Campise said he spoke too soon.
“I was misinformed,” he said. “The deal, the purchase has not been closed… This will still be a fabulous addition to the street. That area has been dormant for two decades, so a Target would be a great addition.”
While some area officials predict it's is a “done deal,” a new announcement on the property is expected later this month.
“I must have had 20 meetings on the development, but I’m confident that by January we’ll have a project that we’ll be happy with," Ward 44 Ald. Tom Tunney said at a November West Lake View Neighbors meeting. "We’re bringing a major retailer into the neighborhood.”
Read the full story about Target on Lake View Patch.