Chicago Y Reviews Options

(no)

CHICAGO — The YMCA of Metropolitan Chicago hired Colliers Bennett & Kahnweiler Inc., the largest privately owned commercial real estate firm in Chicago, to review the New City YMCA and explore options, including a possible sale.

The Y opened at its 1515 N. Halstead location in 1979, and since then, the neighborhood has gentrified and proceeds could better benefit programs in needier areas, according to the Chicago Tribune. Officials with the Chicago Y said they remain committed to having a presence in the community.

“Like any major organization with real estate holdings, we continually evaluate our operations to determine how we can best serve our communities,” said a statement from the Y of Metropolitan Chicago. “The Y is not actively marketing the sale of the property at this time and, therefore, there is no imminent closing of the facility.”

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