Quantcast

Plaza receiver to meet with tenants

City officials say the court-appointed receiver for the Evanston Plaza shopping center will meet with business owners in the plaza next month.

The city’s planning division chief, Dennis Marino, told members of the Economic Development Committee Wednesday night that the meeting is tentatively scheduled for May 20.

City officials say the court-appointed receiver for the Evanston Plaza shopping center will meet with business owners in the plaza next month.

The city’s planning division chief, Dennis Marino, told members of the Economic Development Committee Wednesday night that the meeting is tentatively scheduled for May 20.

Marino said he met recently with Len Richards, a property manager with the receiver, Foresite Realty Partners of Rosemont.

After walking through the property at Dempster Street and Dodge Avenue, Marino said, Richards agreed to continue the spring landscaping work that project’s developer, Joseph Freed and Associates, had done in prior years.

Marino said $1.2 million in back property taxes on the property have been paid by an unnamed third party — neither Foresite nor Freed — who as a result will have a lien on the property.

Marino said Richards provided "good, direct information," and that city officials are pleased with Foresite as the receiver. But he also noted that this early in the receivership the company hasn’t yet developed much in the way of plans for a strategy to recruit new tenants to fill the many vacant storefronts at the center.

Related story

Report: Shopping center in receivership

Editors’ Picks