Schaumburg OKs extensions for Fiat dealer, hotel
Schaumburg trustees this week granted 6-month extensions to prior approvals of a Fiat dealership, which village staff are confident is ready to go, and a Cambria Suites hotel that's been on hold since 2006.
Schaumburg Economic Development Manager Matt Frank said all signs point to construction beginning this spring for the planned Fiat dealership on the 200 block of West Golf Road.
The proposed dealership is an expansion of Zeigler Chrysler Dodge Jeep, incorporating the former sites of Barnaby's Family Inn and La Magdalena restaurants. Frank said it's expected to be open for business around the end of the year.
A time frame for the Cambria Suites hotel -- proposed for the southwest corner of Roselle Road and the Jane Addams Memorial Tollway -- remains less certain, Frank said.
The 93,000-square-foot hotel initially and understandably was delayed by concerns over financing and overall economic conditions during the recession, Frank said.
But village staff members believe the time is right to start applying some pressure for the project to either move forward or make way for another development.
Interest by other hotel developers for sites elsewhere in the village is a sign that the entire industry doesn't remain paralyzed by the effects of the recession, Frank said. Since the Cambria Suites' initial approval expired, yearlong and six-month extensions have been granted regularly, he added.
Though village staff members believe allowing at least one more extension through Aug. 12 was in Schaumburg's best interest, a hard look will be taken if another extension request is made.
Representatives of the developer -- Freeport-based Swift Hospitality Group -- could not be reached for comment Wednesday.
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