Industry Pulse: Mall Hopes to Bring Med Users to Ex-Saks Space

 

Renaissance Place in Highland Park, Ill., is looking to medical users to fill a vacant Saks Fifth Avenue department store space. Photo courtesy of Renaissance Place

Renaissance Place in Highland Park, Ill., is looking to medical users to fill a vacant Saks Fifth Avenue department store space. Photo courtesy of Renaissance Place

 

Chicago-area lifestyle retail center looks to medical tenants to boost sagging occupancy

As an upscale, multi-use lifestyle center in the Chicago suburb of Highland Park tries to boost its anemic occupancy, it is hoping to convert a vacant department store space into healthcare real estate. According to recent reports and news releases, the ownership and management of Renaissance Place would like to add a medical office component to the mix of retail, residential, office, dining and entertainment tenants.

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