Last Updated on July 2, 2020 by Park Development LLC
SOURCE: News release from Park Development LLC
(LOGANSPORT) – Park Development, LLC, owner of 3900 E Market Street LLC, a Chicago-based real-estate developer, has secured both state and local approvals to redevelop the Logansport Mall. The Logansport Planning/Zoning Department also signed off on the project Friday, June 12th.
“Things are coming together quickly now,” a spokesperson for Park Development said. “The next step is to secure local building permits, start demolition, and continue securing tenants.”
The new mall development dubbed “The Junction” will replace most of what is left of the original Logansport Mall. It will be shadow anchored by a Walmart Supercenter and a Home Depot with easements tying the two properties together. The developer is working with Dunham’s Sports, a holdover retailer from the previous owners, to provide a temporary entrance during construction. Dollar Tree will also remain open during construction.
“Great things often require patience and this development is a prime example of just that,” said Logansport Mayor Chris Martin. “The developer’s modern design coupled with new retail businesses will go a long way toward revitalizing this area.”
Randall, Miller & Associates has been selected as the project engineer. The new open-air retail center will feature more green space, new signage and lots of windows.
Design plans by GEA Architects’ lead architect Joe Dowdel call for nearly 144,000 square feet of retail space with three available outlots. The outlot on the former J.C. Penney site has already been sold to a national hotel group. More information about design plans and potential tenants will be released soon.
Veritas Realty, a commercial real estate company that focuses on retail, restaurant, medical and entertainment real estate, has taken the lead in securing tenants. Those interested in learning more about leasing options, can reach Veritas at (317) 472-1800.
The following images were provided by Park Development: