Business & Tech
Major Changes Coming to Deerbrook
Much of existing mall to be torn down to make way for focus on smaller stores.
A major makeover is planned for Deerbrook Mall with small shops becoming a larger focus of the shopping center, according to a story today in the Chicago Sun Times.
In an announcement Monday by RREEF Real Estate, the real estate investment management business of Deutsche Bank’s Asset Management division, and Mid-America Asset Management Inc., which manages the site, much of the existing mall will be demolished in favor of smaller stores, according to the report.
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Mayor Harriet Rosenthal hinted at changes for the mall in the aftermath of the announcement , according to a company spokesperson. ““Deerbrook has been working on a renovation to the shopping center,” she said at the time.
Best Buy was the second large retailer to close its Deerbrook doors this year. In February, .
