Magellan spearheading redevelopment of Sears lot in Ravenswood

Almost exactly one year ago, I took a ride around Ravenswood with Realtor Eric Rojas to check in on the neighborhood’s residential market. Halfway through our tour, Eric and I pulled into the Sears parking lot at Lawrence and Ravenswood avenues to discuss what was at the time a mixed-use development featuring condos and a Roundy’s supermarket.

Eric keeps tabs on the progress of this proposal and did so yesterday evening, following a community meeting about the project. Magellan Development has taken over the development and has eliminated its residential elements, planning instead to build a three-story retail building featuring a Roundy’s subsidiary and a fitness club, and a four-story parking garage with spaces designated for retail customers and for Metra commuters, Eric writes.

Read more of his observations and opinions on the development at his Chicago Real Estate Local blog.

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