Loyola University Chicago officials have announced that a planned $10 million reboot for the Loyola CTA Red Line Station at Sheridan Road will begin late May. The stations serves residents and students living in Rogers Park and Edgewater neighborhoods.
The Loyola project is separate from a planned Red and Purple Modernization project, or RPM, currently in the planning stages. RPM could transform the station into a multi-platform Purple Line Express transfer station.
The Loyola CTA plaza project now starting is part of a larger master-planned community development that saw the construction of The Morgan at Loyola Station, The Flats at Loyola Station, and the parking garage anchored by a CVS drugstore. The newest phases of this construction include new residential, retail and parking structures to be built over demolished properties.
The Loyola CTA plaza project will take 10 to 12 months to complete and will begin after the Lake Shore Campus’ summer commencement ceremonies. The station will remain open during construction but customers may be redirected to different entrances as needed.
The building that houses McDonald’s Express and BMO Harris Bank will be demolished to create an open plaza. Karavites Management has told the university that it does not intend to return after redevelopment has completed. Karavites expects to close before the new fiscal year, possibly the end of this month.
Karavites also owns a full-service McDonald’s down the street on Broadway near Granville Avenue. Bank of Montreal, owner of Harris, will move the branch to Granada Centre, property owned by the university. Dunkin’ Donuts and the news stand will remain.
While Loyola constructs the plaza, a separate CTA-managed project will be started at the same time. The station will be waterproofed, stairs and turnstiles will be updated, and improve the viaduct that arches over Sheridan Road.
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