Is demolition near at Lincoln, Belmont and Ashland?

Six weeks ago Chicago Real Estate Daily reported that the “Target site” in Lakeview had been sold to Novak Construction in “a possible first step toward redevelopment…”

A second step appears imminent. There’s construction fencing at the north end of the site and signage from a demolition company.

We first reported on plans for development of this prominent site into retail and lofts back in February of 2007.

October 1 update: Curbed is reporting (with pictures) that the demolition is underway.

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