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Judge halts move to find new developer for Lake and Lathrop
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Real Estate Royals Back O Neill Burke in Cook County State s Attorney Race
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River Forest officials are eyeing the end of November as the completion date for ongoing improvements to the construction site of the failed Sedgwick Properties’ development at Lake Street and Lathrop Avenue.Officials are working with the Cook County Circuit Court appointed receiver, Walt Rebenson from Ascend Real Estate Group, to clean up the site. The end of November is generally considered to be the end of the construction season.Recent improvements at the site include placing dirt and seed on Ashland and Lathrop avenues adjacent to the newly placed sidewalks that are now walkable for pedestrians. Dumpsters have also been removed from the site and the receiver is working with contractors to remove additional construction materials. Other improvements planned in the coming weeks and months are replacing fencing around the site and removing the two tall cement mixing pieces of equipment that are currently in the northeast corner of the site.
River Forest officials have turned their attention to the future of Sedgwick Properties’ development at Lake Street and Lathrop Avenue less than a week after pulling the plug on the project.Officials met with the Cook County Circuit Court appointed receiver, Walt Rebenson from Ascend Real Estate Group, on Sept. 15, and separately with representatives from Beverly Bank, a subsidiary of Wintrust, on Sept. 19 to initiate plans for the clearing, cleanup and any repairs needed at the development site at Lake Street and Lathrop Avenue.In a news release, officials said the goal of the meetings were to ensure the property is primed and marketable for future development at “this important commercial site in River Forest.” Both meetings took place just days after the village’s announcement on Sept. 15 that the building permit for Sedgwick Properties had been repealed and a stop work order issued. These steps were taken because Sedgwick failed to meet the requirements and conditions of th
Chicago Plan Commission approves Fulton Market apartment tower
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