(Tribune file photo)
Is the Lakeview Walmart now a go? Crain’s Chicago Business reports the Southeast Lakeview Neighbors Association may have struck a deal with the retailer:
A Lakeview neighborhood association says it has an agreement with Wal-Mart Stores Inc. that obligates the world’s largest retailer to keep a lid on the store it wants to install in the congested North Side neighborhood.
At a Monday night meeting attended by some 100 community members, leaders of the Southeast Lakeview Neighbors association said they negotiated a restrictive covenant with Bentonville, Ark.-based Wal-Mart that would legally limit, in perpetuity, the proposed store at Surf and Broadway to a maximum 33,395 square feet.
That’s slightly larger than the space Wal-Mart has pursued at the Broadway at Surf shopping center, news that Crain’s first reported in December.