Groundbreaking soon!

The former Lakeforest Mall, located on a 102-acre site at 701 Russell Ave., was acquired by WRS who is redeveloping the property to a highly desired $1.2 billion mixed-use, live-work-play community. This will include 3.6 million square feet of new uses to replace the existing 1 million-square-foot mall plus parking lots.

The reimagined Lakeforest will include approximately 1,600 residential units, both multifamily rentals and for-sale, 750,000 square feet of new life science-related commercial space — office, research and development, light manufacturing — and 470,000 square feet of new retail. A fiscal and economic impact analysis projects the redevelopment will generate an estimated $2.7 million in annual revenues for the city and provide $1.7 billion in annual economic output at full buildout.