Articles filed under Commercial Real Estate

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  • Synagogue plans move to Wheeling, will occupy former library building Feb 12, 2013 12:00 AM
    Shir Hadash, a Reconstructionist Jewish synagogue, will move to Wheeling this summer, Rabbi Eitan Weiner-Kaplow said this week following approval by the village board. The congregation, which has offices in Northbrook and holds services and events at various sites on the North Shore, will purchase the building at 200 W. Dundee Road, across the street from village hall. The building formerly was home to the North Suburban Library system.

     
  • Prospect Heights bistros seeking video gambling permits, owner says Feb 12, 2013 12:00 AM
    Three new bistros planned for Prospect Heights will target an "upscale" clientele, serve only patrons over 21 years old and seek video gambling permits from the state, a partner in Blackhawk Restaurants told the city council Monday. The restaurants, called Penny's, will serve soups, salads, sandwiches and desserts and will request city licenses to serve beer and wine.

     
  •  Later parts of the Arlington Downs project include expanding the former CoCo Key water park — adding 10,000 square feet — and reopening with a smaller hotel for families.

    Apartments, water park on the way at Arlington DownsFeb 11, 2013 12:00 AM
    After years of planning and preliminary work, officials said construction on phase one of the new Arlington Downs development in Arlington Heights will get started in a few weeks. The $250 million redevelopmnent of the former Sheraton hotel near Arlington Park includes apartments, a small hotel, a water park and dining and retail establishments.

     
  • Whole Foods set to close in Palatine, open in Kildeer Feb 8, 2013 12:00 AM
    Whole Foods in Palatine is preparing to permanently close to make way for the new Kildeer store’s grand opening at 9 a.m. Wednesday, March 6. According to the Palatine location’s Facebook page, the store, located at 1331 N. Rand Road, likely will close Tuesday, March 5.

     
  • Self-storage facility coming to Wheaton Feb 6, 2013 12:00 AM
    A plan for a four-story, self-storage facility has cleared the Wheaton City Council despite opposition from the owner of a nearby Carol Stream shopping center. Northfield-based BRB Development LLC is set to develop the 80,772-square-foot indoor facility from the Lock Up chain on a long-vacant parking lot at the northwest corner of Main Street and Geneva Road next to the Main Street Marketplace shopping center. The unincorporated parcel also will be annexed into Wheaton.

     
  • A new dine-in restaurant/theater similar to this Star Cinema Grill location in Texas will be opening in Arlington Heights later this year.

    Arlington Heights approves new dine-in movie theater Feb 5, 2013 12:00 AM
    Star Cinema Grill, a new dine-in movie theater and restaurant, is officially coming to Arlington Heights this spring after receiving approval from the village board. "So many of our residents are excited about getting the theater back and having it open as soon as possible," said Village President Arlene Mulder. The new movie house is set to open mid- to late May.

     
  • Full-price wing at Gurnee Mills: Feb 5, 2013 12:00 AM
    Construction has started on a full-price wing at Gurnee Mills, mall officials announced Tuesday.

     
  •  Brandt’s Little Cafe will reopen as Brandt’s of Palatine in March. A pair of Palatine residents recently stepped forward to buy the eatery, saving it from the auction block.

    Palatine residents will reopen Brandt’s Feb 4, 2013 12:00 AM
    A longtime Palatine staple won't be going to the auction block, after all. New owners Walt Oswald and Jim Iuorio bought the struggling Brandt's Little Cafe and hope to re-brand, refurbish and reopen the burger and rib joint next month as Brandt's of Palatine. "We both love Brandt's and didn't want to see it go away," Oswald said.

     
  • Judge denies restraining order in East Dundee Walmart dispute Jan 31, 2013 12:00 AM
    A judge declined to issue a temporary restraining order against Walmart receiving financing from a special taxing district when it builds a new store in Carpentersville and closes an old one three miles away in East Dundee. East Dundee sued, saying the new location is less than the 10-mile threshold under state law to receive tax increment financing.

     
  •  The Palatine Park District is turning the dilapidated former Camelot School in Palatine into green space known as Meadowlark Park. The property, which previously had been the site of unsuccessful subdivision proposals, was bought by the district for $1.7 million.

    Palatine Park District takes over former Camelot School property Jan 29, 2013 12:00 AM
    With village officials shooting down multiple proposals to turn the dilapidated former Camelot School in Palatine into a subdivision, the property instead will become green space known as Meadowlark Park. The Palatine Park District recently acquired the 12 acres near Dundee Road and Northwest Highway for $1.7 million. "Parcels of that size are few and far between," Executive Director Mike Clark said. "We don't have a master plan in place for it, but to have open space just made sense."

     
  • Two Rolling Meadows shops celebrate openings Jan 28, 2013 12:00 AM
    A pair of Rolling Meadows businesses will celebrate grand openings Friday, Feb. 1, according to an announcement from the city of Rolling Meadows and its chamber of commerce. Annie's Resale for the World and Designers Point Kitchen and Bath Design will open in the Plum Grove Center, located on Plum Grove Road between Euclid Avenue and Kirchoff Road.

     
  • Break for country clubs means higher taxes for everyone elseJan 26, 2013 12:00 AM
    A recent appellate court decision will mean a huge tax break for local country clubs unless state lawmakers act to change the law. Kane County Supervisor of Assessment Mark Armstrong received support to push to change the law. Kane County's country clubs are in line to shave up to 93 percent off their property taxes, which other taxpayers will take on. "The court effectively created a country club tax exemption," Armstrong said.

     
  •  Hanover Park should find different community uses for empty retail areas like this one, advises a report focusing particularly on the Irving Park Road corridor.

    Hanover Park gets advice on revamping Irving Park Road corridor Jan 26, 2013 12:00 AM
    Hanover Park officials are welcoming a recent Urban Land Institute Chicago report with recommendations for revitalizing the two-mile stretch of Irving Park Road between Astor Avenue and Wise Road. "Now, we need to figure out how to navigate through these recommendations," Hanover Park Mayor Rodney Craig said.

     
  • The area of the Aldridge Business Center at 804-812 E. Park Ave. in Libertyville is proposed for redevelopment.

    Redevelopment of Libertyville industrial area proposedJan 25, 2013 12:00 AM
    A Chicago developer wants to redevelop 20 acres of an industrial area south of Route 176 on the east side of Libertyville to include the first speculative buildings in the village in several years. Bridge Development Partners, a privately owned commerical real estate company says upgrades to the Aldridge Business Center would modernize dated facilities.

     
  •  The space that housed the Old Country Buffet restaurant at Spring Hill Mall will be home to Flaming Grill and Buffet. The new eatery has more than 250 items on its menu, including sushi, a West Dundee first.

    Buffet coming to Spring Hill Mall Jan 25, 2013 12:00 AM
    Flaming Grill and Buffet has signed a lease to move into Spring Hill Mall. The restaurant, which serves more than 250 items, is moving into the space Old Country Buffet occupied for 18 years. The new restaurant will offer Italian, American, Chinese and Japanese food. It would be the first place in West Dundee to offer sushi, a mall official said.

     
  • TJ Maxx/Home Goods to open in vacant Palatine building Jan 24, 2013 12:00 AM
    A combined T.J. Maxx and Home Goods store will open this summer in the long-vacant Linens n Things space at Deer Grove Centre in Palatine, according to commercial real estate firm CBRE Group Inc. The retailer will lease the 50,000-square-foot space on Dundee Road for 10 years. The shopping center is anchored by a Target.

     
  •  New details are emerging about plans to turn the vacant Arlington Theaters facility in downtown Arlington Heights into Star Cinema Grill, a dine-in theater showing first-run films with dinner and drinks.

    Details emerging for new Arlington Heights movie theater Jan 24, 2013 12:00 AM
    Details of the new Arlington Heights movie theater and restaurant planned to open downtown later this year are starting to take shape. Star Cinema Theaters owner Omar Khan appeared before the village's liquor and plan commissions this week to discuss the proposed dine-in theater he hopes to open this summer.

     
  •  The Borders building in Mount Prospect, pictured here right before the store closed in 2011, will soon be torn down to make way for smaller retail buildings. Village officials expect the demolition to be complete next month.

    Mount Prospect Borders building has date with wrecking ball Jan 24, 2013 12:00 AM
    The vacant Borders Books & Music building at the corner of Elmhurst and Rand roads in Mount Prospect will soon be demolished, village officials said. Community Development Director Bill Cooney expects the building to come down between now and early February. The site then probably will be redeveloped with multiple smaller buildings. "Right now that building kind of blocks the view of Randhurst Village," he said. "It will be nice to improve that vista."

     
  •  Buffalo Grove officials this week approved a 11-year, $1.1 million economic incentive plan to bring a Fresh Farms International Market grocery store to the Cambridge Commons shopping center. The deal involves the developer keeping a share of future sales tax revenues from the store.

    Buffalo Grove strikes $1.1 million incentive deal with Fresh Farms developerJan 23, 2013 12:00 AM
    Buffalo Grove officials this week approved a 11-year, $1.1 million economic incentive plan to bring a Fresh Farms International Market grocery store to the Cambridge Commons shopping center. The deal involves the developer keeping a share of future sales tax revenues from the store.

     
  • Shoppers stroll by shops at the Algonquin Commons, a shopping center in Algonquin the focus of a foreclosure lawsuit.

    Inland's Algonquin Commons in foreclosure suit Jan 23, 2013 12:00 AM
    U.S. Bank is suing Oak Brook-based Inland Real Estate Corp. in a foreclosure case involving about $09 million in outstanding loans and fees related to the Algonquin Commons shopping center in Algonquin.

     
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