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Articles filed under Commercial Real Estate

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  • Details on Woodfield Mall's planned $13.9M renovation Jan 8, 2015 10:09 AM
    Woodfield Mall officials have submitted plans for a $13.9 million renovation of Schaumburg's landmark shopping center to village officials. Schaumburg Community Development Director Julie Fitzgerald said Wednesday much of the work involves the first level of the mall, though the project will replace all the flooring upstairs and down, and update the shopping center's common areas.

     
  • Egg Harbor Cafe commits to Barrington Village Center project Jan 7, 2015 11:40 PM
    Although dangerous cold stopped work Wednesday, crews at the village-backed commercial real estate project in downtown Barrington have made significant progress in just under three months of work. Peter Rusnak, a partner on the development team, said the main tenant of the building between the White House and the M.J. Miller and Co. store will be Egg Harbor Cafe, which is moving from a location on Cook Street.

     
  • Car dealership coming to Streamwood, wants to expand to vacant land Jan 3, 2015 7:30 AM
    As construction continues on a Streamwood car dealership that upset neighbors in a town home subdivision, developers are now asking the village to incorporate vacant land where they want to park models. The Toyota-Scion dealership on Chicago Street in Elgin expects to relocate to an 81,000-square-foot showroom and service center near Lake Street and Elizabeth Drive in Streamwood this spring.

     
  • Gurnee hires first economic development director Jan 1, 2015 4:25 PM
    Gurnee has hired its first economic development director because of what the mayor says is fierce competition to attract businesses.

     
  • Dist. 220 goes through with land buy next to Barrington High Dec 31, 2014 8:08 PM
    The Barrington Area Unit School District 220 Board of Education voted to approve the purchase of 20.75 acres of land adjacent to Barrington High School for $2.35 million at an emergency board meeting Wednesday morning. The acquisition nets the district 7.7 usable acres from Flint Creek Crossing, a commercial subdivision, and 13.8 acres of the Flint Creek Conservation Area west of Hart Road

     
  • Canadian company to buy Lake Barrington Field House Dec 31, 2014 5:53 PM
    The Lake Barrington Field House, a 175,000-square-foot indoor sports complex, will have a new owner in the new year after a Canadian sports facility company announced this week it was buying the foreclosed center for an undisclosed amount. Representatives from Canlan Ice Sports Corp., based in Burnaby, British Columbia, said field house patrons can expect the facility to operate mostly the same

     
  • Pac-Man-themed eatery opening soon at Woodfield Dec 30, 2014 8:15 PM
    An opening date hasn’t yet been set for the Pac-Man-themed restaurant and entertainment center coming to Schaumburg’s Woodfield Mall, but its developers now know when they can guarantee a reservation. “I’m absolutely confident we’ll be taking reservations for Valentine’s Day,” said David Bishop, executive vice president of strategic project development for Wood Dale-based Namco Entertainment, Inc.

     
  • Lake Barrington Speedway debate inspires residents to seek political office Dec 29, 2014 7:41 PM
    The debate over a proposed Speedway gas station in Lake Barrington may be over, but the controversy inspired several residents to run for the village board in the April 7 election. “A lot of residents feel they weren’t being heard,” said first-time candidate Agnes Tomasian.

     
  • Wheaton sells long-vacant Main Street building Dec 29, 2014 5:49 PM
    A city-owned building that has stood vacant for roughly two decades in downtown Wheaton has been sold to a developer who plans to open a Vietnamese restaurant in the space. While the sale of the building for $160,111 was unanimously approved by the city council earlier this month, it creates one problem: the restaurant, Luong-Loi, is already located in the downtown area, just a few doors down from its future home at 111-113 N. Main St.

     
  • Gino’s East to share space at Millrose Restaurant Dec 29, 2014 5:35 PM
    The owners of Millrose Restaurant Banquets & Country Store in South Barrington are preparing to open a Gino’s East franchise on the property in mid-January, but without giving up their existing restaurant. Among the six relocated barns that make up the landmark establishment at 45 S. Barrington Road, only the Rosewood Room and lounge area will be converted into space for the famous deep dish pizza restaurant, said Dwight Stiehl, president and CEO of the Rose Packing Company which owns the Millrose.

     
  • Hanover Park wants tax breaks for Hanover Square strip mall Dec 22, 2014 2:16 PM
    Trying to get the village out of the business of running a strip mall, Hanover Park officials are asking Cook County to award property tax breaks that could persuade a developer to buy the 10-acre shopping center along Barrington Road.

     
  • Woodland, Warren school districts OK tax breaks to lure Akhan to Gurnee Dec 19, 2014 5:30 AM
    Two school districts have agreed on property tax breaks for Akhan Semiconductor Inc. as part of a larger proposed incentive package to bring the technology company to Gurnee. “If it’s a good direction for the community, it’s a good direction for the schools,” District 50 board President Mark Vondracek said.

     
  • Barrington 220 nearing $2.35 million land acquisition deal Dec 18, 2014 11:42 AM
    Barrington Area Unit School District 220 has until the end of the year to finalize a $2.35 million deal to buy 21 acres of open land across Hart Road from Barrington High School. The school board this week authorized a 15-day extension of the deadline.

     
  • Walgreens can sell liquor in Naperville, but not downtown Dec 17, 2014 11:52 AM
    Nine Walgreens and one CVS in Naperville now can apply for a new type of liquor license the city council created Tuesday. But the Walgreens on Main Street in downtown Naperville is not one of them. "I’m not assuming Walgreens would behave in any bad way at all,” council member Judith Brodhead said. “I’m more worried about the people who are consuming the alcohol and their behavior and this particular behavior of pregaming.”

     
  • Controversial Buffalo Grove downtown plan gone, but tensions remain Dec 17, 2014 12:38 AM
    Chuck Malk has walked away from his plans to redevelop the Buffalo Grove Golf Club and village campus into a downtown featuring high-rise condominiums, entertainment venues, retail and office buildings, and dozens of acres of open space. But the developer’s proposal has left behind a mess — including a fractured village board and apprehensive neighbors — just in time for a contentious election season.

     
  • Supportive living senior project back to square one in Lake Zurich Dec 12, 2014 2:12 PM
    A senior complex proposed for Lake Zurich’s north side is headed back to the starting line. Des Plaines-based Pathway Senior Living wants to build the three-story, 120-unit facility on part of six acres at the northwest corner of Rand Road and Samantha Lane, north of Route 22.

     
  • Ye Olde Town Inn, Billy Goat latest restaurants to close in suburbs Dec 11, 2014 6:53 PM
    Ye Olde Town Inn and the Billy Goat Tavern in Mount Prospect recently joined the list of restaurants closing down in the suburbs. They are not alone. Here is a look at the restuarnts that have closed, and opened, in the suburbs this year.

     
  • Rosemont buys office building, but may not own it for long Dec 10, 2014 5:35 PM
    The village of Rosemont is buying a 7-story office building, but it may not own it for long. The village board on Wednesday approved the purchase of the former headquarters of the American Academy of Orthopedic Surgeons at 6300 N. River Road for $4,675,000.

     
  • Batavia Walgreens construction to get second extension Dec 10, 2014 5:30 AM
    The start of construction of a new Walgreens in Batavia, first proposed more than three years ago, is getting another extension, as the firm building it is still working on a lease with Walgreens and investigating the geology and potential environmental problems with the site.

     
  • Gene & Georgetti picks Rosemont for first expansion Dec 10, 2014 10:01 PM
    The oldest family-owned steakhouse in Chicago is opening a second location — the first time the owners have done so in 75 years — in Rosemont. “We want to bring everything people love about Gene & Georgetti in, while also giving that location its own spirit and feel, ” said Michelle Durpetti, a third-generation manager.

     
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