Demolition of the office building and parking deck on the former Alcatel-Lucent campus in Naperville is underway but what the property’s new owner plans to do with the site hasn’t been disclosed.
Oak Brook-based Franklin Partners purchased the 40-acre parcel at Naperville and Warrenville roads for $4.75 million in April. A demolition permit was issued July 28 allowing the company to raze the 500,000-square-foot building at 1960 Lucent Lane and the three-story parking garages on each side.The building at 2000 Lucent Lane, to the north, is not part of the demolition. An overhead bridge connecting 1960 and 2000 Lucent Lane will be removed, permit diagrams show.
At one point, Franklin was considering a proposal to build a a warehouse facility at the northwest corner of the property but later abandoned the idea after the Naperville City Council made it clear it would not be supported. Later, the councilto keep warehouses and distribution centers out of the Interstate 88 research and design corridor.
Scott Day, an attorney representing Franklin, said the company decided it would instead market the property for technology-focused businesses.
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