2014 readers choice results

Articles filed under Commercial Real Estate

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  • St. Charles has had some iconic success along its portion of the Fox River. The Hotel Baker and part of a major downtown development called First Street are the major, non-festival river draws for the business area.

    St. Charles boasts iconic riverfront buildings, beautiful viewsApr 18, 2014 12:00 AM
    More than a decade ago, a group of residents with a passion for the Fox River joined with St. Charles officials to create a master plan that would transform the city from a place by a river into a place where people flock to enjoy the river. But today, when residents associated with that plan talk about it, their voices are laced with frustration.

     
  • Mount Prospect pizza place expandingApr 18, 2014 12:00 AM
    Crave Pizza, 106 E. Northwest Hwy., has acquired the space formerly occupied by Anna’s Alure salon, allowing the business to expand from 1,600 to 2,500 square feet. With the new space, Crave will be able not only to continue to offer casual family pizzeria dining with carryout on one side, but also introduce a lounge with a sports entertainment component on the other side. “It is still going to be an awesome family place,” owner Rafael Dickson said.

     
  • Maribeth Barrett is the owner of a new confectionery called Kilwins in downtown Wheaton. The store opened Saturday at 100 N. Hale St. Four other businesses are expected to open on nearby streets in the coming months.

    New chocolate shop opens, more business coming to downtown WheatonApr 17, 2014 12:00 AM
    A new chocolate and ice cream shop opened Saturday in downtown Wheaton, and at least four new businesses will be moving in on the surrounding streets in the coming months, says Downtown Wheaton Association Executive Director Paula Barrington. Kilwins Chocolate and Ice Cream Shop opened Saturday at 100 N. Hale St. In addition, a Subway and educational toy store are expected to open on Front Street and a yoga studio and pizzeria are moving in on Liberty Drive.

     
  • Bartlett officials are expected to hire a consult to create a redevelopment plan for the downtown and study whether the area is eligible for another tax increment financing district.

    Bartlett to study downtown revelopment proposalApr 16, 2014 12:00 AM
    Bartlett plans to hire a consultant to study whether the village can establish another tax increment financing district downtown. The last TIF district raised $20 million over more than two decades towards improvements to the downtown, but officials say there's still work to be done in the area.

     
  • A proposal to buy the Thomle Building at 2 E. Wilson St. from the city of Batavia has fallen through.

    Developer withdraws plan to buy Batavia buildingApr 16, 2014 12:00 AM
    A proposal to take the Thomle Building off the City of Batavia's hands has fallen through. The would-be owners wanted to combine the riverside building with the one next door, but couldn't reach an agreement with the owner of that building, according to City Administrator Bill McGrath.

     
  • Julian Perez of Roselle is seeking permission from Bloomingdale to open a gun range along Circle Avenue, just north of Lake Street.

    Bloomingdale gun range plan rejected by panelApr 16, 2014 12:00 AM
    A controversial plan to bring a shooting sports facility to Bloomingdale has suffered a setback. The village's plan commission voted 5-1 to recommend denial of the request by Julian Perez to convert a vacant building at 7 N. Circle Ave. into a facility that would have two pistol ranges, a rifle range and a private range. “I just cannot in my heart see that happening on that block so close to those homeowners,” one plan commissioner said.

     
  • Construction is underway to convert this storefront in Des Plaines to a new Walmart Neighborhood Market. The company has abandoned plans to open a similar grocery in Rolling Meadows.

    Walmart grocery coming to Des Plaines, but plans dropped for Rolling Meadows storeApr 12, 2014 12:00 AM
    One Walmart Neighborhood Market grocery store is coming to the Northwest suburbs while another is off the table. The first such store will open later this summer in Des Plaines, while a second store in Rolling Meadows is no longer being pursued by Walmart, company officials said Friday. “We’re open to Walmart and their Neighborhood Store concept," Rolling Meadows Mayor Tom Rooney said. "It’s just this particular site didn’t seem to fit."

     
  • New gas station to open in Des PlainesApr 11, 2014 12:00 AM
    A new gas station is reopening where an old one closed in Des Plaines, at 680 N. Wolf Road.

     
  • Craig Duchossois is the CEO of The Duchossois Group which is buying four Oak Brook Buildings.

    Duchossois spends about $18m on 4 Oak Brook buildingsApr 11, 2014 12:00 AM
    Duchossois Real Estate LLC has purchased four buildings in Oak Brook to as develop corporate office space. Duchossois finalized two transactions on March 31. One deal includes three buildings on Windsor Road for a total of about $10.2 million. The second deal is the former Follett building on Swift Road purchased for about $7.7 million. Follett, a college bookstore and an online educational firm, has moved to Westchester.

     
  • The official logo for the Boy Scouts of America Discovery Outpost coming to Woodfield Mall in Schaumburg.

    Boy Scout recruitment site coming to WoodfieldApr 11, 2014 12:00 AM
    The Boy Scouts of America is setting up shop on the busiest street it can find — Woodfield Mall in Schaumburg. A recruitment center — the Boy Scouts of America Discovery Outpost — will open May 31 by the play area in the center of the mall, where all five councils serving the Chicago area hope to find new Scouts among the mall's estimated annual crowd of 28 million.

     
  • Jeff Prosapio, director of project management for Marquette Companies of Naperville, says the Randall Highlands apartment community in North Aurora is one of the company's recent development efforts that completed a stalled project another developer couldn't finish.

    Rentals, mixed-use projects revive old suburban locationsApr 11, 2014 12:00 AM
    Redevelopment efforts across the nation are focusing on vacant and underused properties in suburban areas, and one Naperville company is putting the strategy to work with developments in Algonquin, North Aurora, Naperville and Lisle. “We look for areas that are extraordinary locations, but perhaps are obsolete,” said Nick Ryan, CEO of Marquette Companies.

     
  • A sign announces the impending arrival of Bristol Palace, the business that will replace the recently closed Bristol Court banquet hall in Mount Prospect.

    Closed Mount Prospect banquet hall has new ownerApr 11, 2014 12:00 AM
    Bristol Court banquets, a well-known celebration spot in Mount Prospect that closed abruptly last month, has a new owner, according to village officials. Monty’s Elegant Banquets of Bensenville has acquired the building at 828 E. Rand Road and will open a new banquet hall there called Bristol Palace, Mount Prospect Community Development Director Bill Cooney said.

     
  • DuPage Medical Group building in Wheaton opens Monday. The 40,000-square-foot facility at 150 E. Willow Ave will offer family medicine, internal medicine and obstetrics and gynecology.

    DuPage Medical Group building opens Monday in WheatonApr 11, 2014 12:00 AM
    A new DuPage Medical Group building is set to open Monday in downtown Wheaton. The 40,000-square-foot facility at 150 E. Willow Ave will offer family medicine, internal medicine and obstetrics and gynecology, a physical and occupational therapy suite and a center for patients with chronic conditions. "It's a lot more convenient for (patients), whereas before, they had to go to multiple locations to get services," said Chief Operating Officer Dennis Fine.

     
  • Weber-Stephen Products is slated to more than double the size of its current facility on Oak Creek Parkway in Huntley by building a second, 757,120-square-foot global distribution headquarters nearby.

    Huntley could become distribution hub for Weber grillsApr 11, 2014 12:00 AM
    Huntley could soon become the global headquarters for the distribution of Weber grills. Weber's proposed 757,120-square-foot distribution center would be located on roughly 90 of those acres — fronting the I-90 Tollway and Freeman Road, just east of the Huntley Outlet Center. “We are looking to cement our presence here in Huntley, and in Illinois,” said Dean Duffy, executive vice president for Weber-Stephen Products.

     
  • Buffalo Grove Mariano's is hiringApr 10, 2014 12:00 AM
    Roundy's Inc., the parent company of Mariano's, will hold a career fair in Buffalo Grove on Saturday as it works to fill 425 positions. The job fair is 9 a.m.-3 p.m. at the new Mariano's, at 450 W. Half Day Road — a former Dominick's.

     
  • From left, Steve Harris, vice president of Data Center Development, Forsythe Data Centers; Bill Brennan, president and CEO of Forsythe Technology; and Al Weiss, president of Forsythe Data Centers, prepare to break ground Wednesday for the new 221,000-square-foot Forsythe Data Center in Elk Grove Village.

    Forsythe building $130 million data center in Elk GroveApr 9, 2014 12:00 AM
    Skokie-based Forsythe Technology is spending about $130 million to build a 221,000-square-foot data center at Touhy Avenue and Busse Road in Elk Grove Village. Forsythe broke ground Wednesday and plans to have the building ready for occupancy early next year.

     
  • Granite City Brewery, hotel to neighbor WoodfieldApr 9, 2014 12:00 AM
    Construction will begin this summer on a Granite City Food and Brewery restaurant and Hampton Inn and Suites hotel that will open side-by-side next year just west of Woodfield Mall in Schaumburg. The paired-up developments will take over the former site of American Hardware, 801 Plaza Drive, which will be demolished soon.

     
  • RTA funding Rosemont transit studyApr 8, 2014 12:00 AM
    The Regional Transportation Authority board has approved a $250,000 study to improve access to Rosemont’s CTA Blue Line station and assess the potential for transit-oriented development on adjacent land. The funding is $200,000 in federal dollars and $50,000 from the RTA.

     
  • This is a photo of a sketch that shows proposed renovations to the shuttered Wyndham O’Hare Hotel in Rosemont. Developers are planning to open a 200-room Hyatt Place Hotel and a separate “select service” hotel of between 180 and 200 rooms.

    Rosemont hotel complex to reopen as 2 separate hotelsApr 8, 2014 12:00 AM
    Owners of a shuttered hotel near the Allstate Arena in Rosemont hope to renovate and reopen it by this summer. But when the venue does reopen, it will actually be two hotels, officials say: a 200-room Hyatt Place Hotel and a separate “select service” hotel of between 180 and 200 rooms. “When we became involved with this project, we saw this as a wonderful market,” Superhost Vice President Samir Lakhany said.

     
  • Wheeling, other taxing bodies hope for accord on TIF districtApr 7, 2014 12:00 AM
    While representatives of school districts and other taxing bodies questioned Wheeling's right to establish a tax increment financing district on the site of one it had recently closed, both sides expressed hope after Monday's village board meeting that an agreement can be reached.

     
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