Updated 4/12/2021 8:49 PM
Northbrook Court may be up for sale, possibly raising doubts about the massive renovations in progress, Crain s Chicago Business is reporting.
Barings, the mall s lender, has been interviewing brokers, the report says, citing people familiar with its plan. The mall s owner, Brookfield Properties, which also owns Oakbrook Center in Oak Brook, Water Tower Place in Chicago and Spring Hill Mall in West Dundee, stopped making mortgage payments months ago, according to Crain s.
Northbrook Court is in the process of a $250 million makeover approved two years ago by the village that includes a mix of retail and residential, but project was put on hold due to the pandemic, incoming Village President and current Trustee Kathryn Ciesla said in an interview leading up to the April 6 election.
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