Farmers markets

Articles filed under Commercial Real Estate

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  • Wheeling creates TIF districts over four government bodies' objections Jul 8, 2014 2:32 PM
    The Wheeling village board moved ahead Monday toward two big redevelopments - a village Town Center and an industrial area near Chicago Executive Airport - by creating two new tax increment financing districts – over the objections of four government bodies that asked for a delay.

  • Arlington Heights OKs redevelopment despite opposition Jul 8, 2014 12:53 PM
    The Arlington Heights village board approved a new TIF district for the Hickory-Kensington area in spite of concerns from residents that businesses would be forced to move to make way for redevelopment. The village didn't disagree. “We don't want to misconstrue this and say that these businesses can all stay here," the village's Bill Enright said.

  • With video gambling, Lake Zurich guarding against ‘mini Las Vegas’ Jul 7, 2014 9:58 PM
    Now that Lake Zurich officials are onboard with video gambling, Mayor Thomas Poynton says he and other officials want to ensure the village doesn’t develop a “mini Las Vegas” appearance. Lake Zurich trustees Monday night voted 6-0 in favor of having administration employees perform a comprehensive review on what businesses are allowed to promote in windows. While officials said the video gambling promotion is a concern, the examination applies to all businesses.

  • Naperville's Promenade East to 'grow the downtown' Jul 7, 2014 5:17 AM
    New stores are taking shape — along with new sidewalks and street improvements — as part of the Main Street Promenade East development in downtown Naperville. “We're delighted to have these great new districts like the Main Street Promenade East ... that are going to help expand and grow the downtown,” said Katie Wood, executive director of Downtown Naperville Alliance.

  • Neighbors decry car-racing noise at Sears Centre Jul 5, 2014 8:01 AM
    Nearly every weekend from May to October, Hoffman Estates resident John Manfredi and his neighbors endure the whine of high-performance engines and screech of tires racing around the Sears Centre parking lot. The village likes the $50,000 to $70,000 per summer made from these events. But for Manfredi and his neighbors, it's just too loud.

  • Des Plaines aldermen move ahead with plans to restructure TIF Jul 8, 2014 4:58 PM
    Des Plaines’ city council has started the process of restructuring an existing special taxing district plagued by a growing deficit. The city’s sixth Tax Increment Financing district, encompassing a triangle-shaped piece of land roughly bounded by Higgins and Mannheim roads and Greco Avenue, is in an estimated $6.8 million in the hole this year, and on track to be $20 million in the red by 2024.

  • Radisson starts wave of new Schaumburg hotels Jul 3, 2014 11:33 AM
    Schaumburg officials joined representatives of Swift Hospitality and Sand Companies at the groundbreaking ceremony this week for a five-story, 142-room Radisson hotel expected to open next summer at the southwest corner of Roselle Rod and the Jane Addams Memorial Tollway. The 93,000-square-foot building was first approved as a Cambria Suites hotel, but was delayed nearly eight years by the recession and lingering economic concerns.

  • Antioch hails $25 million business park investment Jul 2, 2014 5:31 AM
    It has been ready for six years with no takers but activity is soon expected at the long-idled Antioch Corporate Center on Route 173. Owner IDI Gazeley plans to make a $25 million investment with a 454,276-square-foot speculative building. “It's a pretty big deal,” said Dustin Nilsen, Antioch's director of community development.

  • Des Plaines plans to restructure special tax district Jul 2, 2014 4:11 PM
    Des Plaines officials want to restructure a special taxing district that’s long operated in the red, with an eye toward making the area more enticing for developers. City officials want to take out three properties from TIF 6 and put them in a new TIF 7 that would set up lower baseline property values. “Those properties have been bringing this whole thing down,” said City Manager Mike Bartholomew. “Now we’ll reset the base value, and essentially start from scratch.”

  • Take a chance and build up downtown Jun 30, 2014 5:01 AM
    Letter to the editor: Diana Metreger wishes the Rollng Meadows City Council would take a chance on downtown, saying if the shops come, the people will follow.

  • Commission to discuss ‘affordable housing’ apartments in Arlington Hts. Jun 30, 2014 5:43 PM
    A proposed apartment tower could bring 45 more apartments to downtown Arlington Heights, with more than 40 percent of those units available to people who qualify under affordable housing guidelines. The Arlington Heights housing commission is expected to discuss the development, Parkview Apartments, 212 N. Dunton Avenue, at its meeting on Tuesday and it will be before the plan commission on July 9.

  • Sugar Grove buys 2 buildings for village offices Jun 27, 2014 4:34 PM
    Sugar Grove has bought two office buildings and plans to move the village hall to them. The move would allow the police department to expand in the current hall. "It's hard to pass up the opportunity," President Sean Michels said, of the $1 million purchase.

  • Des Plaines Theatre owner considering offers Jun 26, 2014 5:38 AM
    The owner of the Des Plaines Theatre says he is still mulling over two proposals from those interested in either buying or running the theater. “We just met for the first time with the city yesterday, and we are learning more,” said Dhitu Bhagwakar. “Everything is still on the table. None of the parties are out and none of the parties are in.”

  • With Town Center on the line, Wheeling makes final offer Jun 25, 2014 6:45 PM
    Wheeling has made a “very, very generous” — and final — offer to the four government bodies threatening to sue if the village board establishes two new tax increment financing districts, Village President Dean Argiris said this week. He said if the parties sue, the Town Center project in Wheeling is doomed.

  • Court battle continues over Palatine apartments for disabled Jun 25, 2014 6:54 PM
    The village of Palatine will be back before a Cook County judge next month contesting a lawsuit filed against them by the developer of a proposed apartment building for people with disabilities. In March, Cook County Judge Neil H. Cohen granted the village’s motion to dismiss the case, but the developer is asking the judge to reconsider his decision.

  • Historic Busse building in Mount Prospect to be razed Jun 25, 2014 8:02 PM
    The Busse building in downtown Mount Prospect cannot be saved, and the whole thing will be demolished over the next month, village officials said. A devastating fire ravaged the building in February. “The building was a total loss,” the village's Dave Strahl said. “I’m sure from a financial standpoint it wasn’t viable based on the age and the damage.”

  • The saga of the border kids Jun 24, 2014 5:01 AM
    Columnist Ruben Navarrette: Americans are trying to get a handle on the border kids — and what President Obama has called an “urgent humanitarian situation” along the U.S.-Mexico border. Americans want to know why, according to U.S. immigration officials, more than 47,000 young people — most of them from Central America — have streamed across the U.S.-Mexico border in the last eight months.

  • Schaumburg sees Zurich office becoming 'icon for the area' Jun 25, 2014 8:23 AM
    Zurich North America broke ground Tuesday on its new Schaumburg headquarters, a 735,000-square-foot building expected to open in 2016. The insurance company will receive state and village incentives for the move from its Schaumburg office towers to a 40-acre site along Meacham Road near I-90, across from the Renaissance Schaumburg Hotel and Convention Center. "It will serve as an icon for the area," Mayor Al Larson said.

  • Des Plaines Theatre owner to review 2 takeover pitches Jun 24, 2014 5:05 AM
    The owner of the shuttered Des Plaines Theatre will meet with city officials to review two proposals from those who may be interested in purchasing or managing the historic venue. The facility has been closed since Jan. 15 after its owner failed to meet a city deadline to fix building code issues. “We would've liked to have gotten more (proposals), but we have two, and hopefully one of those is something he wants to do and the city can live with it," the city's George Sakas said.

  • Davis Cup competition in Hoffman Estates Jun 20, 2014 12:42 PM
    The United States Tennis Association and U.S. Davis Cup Captain Jim Courier have announced that the Sears Centre Arena in Hoffman Estates has been selected as the site for the 2014 Davis Cup by BNP Paribas World Group Playoff between the United States and Slovakia, Sept. 12 to 14. Tickets will go on sale in mid-July.

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