The entire mall will be demolished to make way for a new one, said Terraco’s founder and president Scott Gendell. The demolition process and reconstruction will likely begin next year, he said.
“This should be a feel-good, positive experience for the whole community — with enhancements for the community that’ll make a meaningful difference in peoples’ lives,” Gendell said. “What we’re doing here is [helping] transform Logan Square and give people the amenities and services that this neighborhood deserves.”
The developer will invest more than $100 million to construct the new Logan’s Crossing megamall that will include a fitness center, a grocery store and rental apartments with terraces and a pool deck, depending on residents’ feedback. Gendell indicates that outdoor space and possibly a rare apple orchard on the complex’s northern end are also being planned.
Chicago-based architect Antunovich Associates will design the project, which Terraco hopes to complete by late 2016.