Continuum Development has acquired Church Street Plaza, a 144,833-square-foot retail complex in Evanston, Illinois, for $31.2 million.
Located at 900-950 N. Church St., the property spans a full city block, approximately a half-mile from Northwestern University. Originally built in 2000 and redeveloped in 2023, the property is 98% occupied, with tenants including an AMC movie theater, Sky Zone indoor entertainment park, and other national and local stores and restaurants.
Earlier this year, Continuum proposed the addition of a 27-story, 358-unit residential tower with 2,900 square feet of ground-level retail on the northwest corner of the property at Church and Clark streets.
“Our investment in Church Street Plaza reflects our confidence in downtown Evanston’s long-term growth and vitality,” said Evan Meador, co-founder and managing member of Continuum Development. “With our acquisition of the property and proposed mixed-use tower at 900 Clark Street, we’re committed to maximizing this site’s potential in a way that aligns with the city’s inclusionary housing plan and sustainability initiatives.”
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