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Community Corner

Courts Appoint Receiver for The Plaza

According to Crain's Chicago Business, Chicago-based RE Solutions has been named the court-appointed receiver for The Plaza Shopping Center.

A product of the falling economy,  has undergone several downfalls in recent years, 

Last week, Crain's Chicago Business reported that Chicago-based RE Solutions was named the court-appointed receiver for The Plaza, anchored by Carson Pirie Scott. Yet, the fate of The Plaza is not yet known. 

“In 30 days we'll have some clear direction on what's going to happen,” said RE Solutions Principal S. L. Van der Zanden.  

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Earlier this summer, the  down the street from The Plaza, and later on The Plaza property. Developers, Mayor James Sexton, business leaders and residents shared how they hoped these developments would "be a catalyst for The Plaza" to re-develop, and 's situation.

Read more on this story at Crain's Chicago Business.

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