Under financial pressure from lenders, the developer who owns the property under the future Lincoln Park (Chicago) retail store has put the parcel up for sale. M Development LLC headed by Mark Hunt could receive up to $10 million for triangular-shaped property at Halsted Street and North Avenue on the city’s north side. Hunt just settled a $30.7 million foreclosure lawsuit by handing back an abandoned hospital to another development firm that purchased the loan. Real estate sources say his firm faces other foreclosure lawsuits totaling $50 million, and the company’s president resigned earlier this year. Hunt and partner Fred Lasko are also involved in a disputed loan for an Aspen (Colo.) hotel. As reported by Chicago Real Estate Daily, Apple holds a 10-year lease to occupy the property, with an option to extend for 20 years. Apple is paying $750,000 a year during the first 10 years, sources say. Construction is now underway for a 9,000 square-foot, rectangular store that will open in summer 2010.