Barat College Campus Closed : DePaul sells to Developer for Condo Complex
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Developer Robert Shaw is purchasing the former campus of Barat College and is turning it into Barat Woods, a condominium development. Barat College merged with DePaul University in 2001, but higher than expected operating costs forced DePaul to close and sell of the campus.
Today, officials from DePaul, Barat Education Foundation and City of Lake Forest joined Shaw to announce the site’s sale at the historic Old Main building.
Terms of the deal were not disclosed. Shaw declined to say how much he paid for the land other than that the sum was “less than $20 million.” He said he hoped to start building in early 2007, assuming the city approves his development plan.
Saying he has lived within a mile of the 23-acre campus for 37 years, Shaw promised to plan carefully and to consider its aesthetics.via Chicago Tribune
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