|September Status Update
1540 North Clark Development Update
At the September 2017 James Kilmer Association Board of Directors meeting, Ms. Barnes reported that she and Mr. Kristufek conducted a
recent conference call with Mike Arnold of the Avoda Group (co-developer with Golub Group) about the 1540 N. Clark development.
She reported that demolition of the old site will begin in mid- to late October.
The permanent electric supply for the new development will be housed underground and that conduit has been laid in the trench
that was recently dug on Sandburg Terrace.
She also noted that ComEd will install temporary power poles to continue the electrical supply to the LaSalle-North building in the interim.
Ms. Barnes stated that before the demolition begins, the Village Theater façade will be braced to protect it (as a landmark).
Ms. Barnes stated that the sales office for the 1540 Clark development will open in October at 1549 North Wells (old Einstein Bagel place).
She also reported that sufficient funds for this development are available such that no advance pre-sales will be needed.
She further stated that the Chicago Department of Transportation’s (CDOT) priority in the area is pedestrian and vehicular safety.
Finally, the developers will inform the JK Association when updated site plans are completed and will present them to the JK Board upon request.