CHICAGO - (March 10, 2020)
New additions include “Heart of Bronzeville” mural by local artist Corey Jenkins
Draper and Kramer, Incorporated, a national real estate services firm, today announced it has completed the second phase of its ongoing renovation of the Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood. The final element of Phase 2 was a full interior and exterior renovation of the center’s 193,000-square-foot Jewel-Osco grocery store. Jewel-Osco parent company Albertsons shared costs of the $2.3 million project, which also included the addition of a custom exterior mural, entitled “Heart of Bronzeville,” by local artist Corey Jenkins, founder and CEO of Jayinex, Inc.
Previous Phase 2 work included the addition of more than 18,000 square feet of new and renovated retail space for new tenants, including Taco Bell, Wing Stop, Home Run Inn Pizza and Sola Salon Studios, and Chicago’s first Culver’s, which opened at Lake Meadows Market in 2018. Several additional new tenants are expected to open later this year.
“As part of Draper and Kramer’s longstanding commitment to Bronzeville and our overall vision for the Lake Meadows community, we continue to bring new retail options to the Lake Meadows Market,” said Gordon Ziegenhagen, vice president with Chicago-based Draper and Kramer. “We are proud to introduce these shopping, dining and service offerings to our Lake Meadows residents and neighbors in Bronzeville and surrounding communities.”
Updates to the interior of the Jewel-Osco doubled the size of the store’s “fresh zone,” and also added new coolers, flooring, fixtures, wall coverings and lighting. Exterior updates included a completely new facade as well as the addition of Jenkins’ “Heart of Bronzeville” mural.
The architect for the Jewel-Osco renovation was Camburas & Theodore Ltd., and the general contractor was Chicago- and Gary, Ind.-based Powers & Sons Construction Company.
Phase 1 of the Lake Meadows Market renovation, which was completed in 2015, added a new 40,000-square-foot LA Fitness and also renovated existing retail space.
Plans for Phase 3, which Draper and Kramer plans to launch this summer, will add a vehicle and pedestrian “market square” linking the north and south portions of the center; more than 10,000 square feet of new and renovated retail and restaurant space; and outdoor seating, landscaping, lighting and art features.
Lake Meadows Market is part of the 70-acre Lake Meadows community, which includes 1,869 apartments across nine buildings and has been managed by Draper and Kramer since the 1950s.
About Draper and Kramer, Incorporated
Founded in 1893, Draper and Kramer, Incorporated, is a trusted financial and property services provider with a deep commitment to people, excellence, service and integrity spanning more than 125 years. Family-owned and one of the leading privately held real estate services firms in the U.S., Draper and Kramer is headquartered in Chicago with a national reach and broad offering of services. The company’s decades-long heritage has evolved over the years to meet the needs of its clients and today spans expertise in residential and commercial development, acquisition, property management and leasing; debt and equity financing for commercial properties; and residential mortgage services through affiliate Draper and Kramer Mortgage Corp. Draper and Kramer provides a single source of real estate-related counsel to a diverse group of real estate investors across the U.S. including corporations; private and institutional owners and users of real estate; government agencies; and foundations. For more information, visit www.draperandkramer.com.
For more information, contact Sarah Lyons, [email protected], (312) 267-4520.
Lake Meadows Market_Jewel Osco and Mural: Draper and Kramer completed a full interior and exterior renovation of a 193,000-square-foot Jewel-Osco grocery store at the Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood. The project included an original exterior mural by local artist Corey Jenkins.
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