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Articles filed under Commercial Real Estate

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  • Buffalo Grove may ask voters about redevelopment Nov 29, 2014 7:21 PM
    The question of whether the Village of Buffalo Grove should redevelop the Buffalo Grove Golf Course and Municipal Campus into a downtown could go to an advisory referendum in the April 7 election. The idea for the referendum was floated by longtime village resident and activist Rob Sherman. “This is the perfect use of an advisory referendum because there is considerable disagreement as to whether residents generally support or oppose the concept of redevelopment," he said.

  • Mt. Prospect awards engineering contract for Kensington detention ponds Nov 21, 2014 1:01 AM
    Mount Prospect will benefit from economies of scale as it prepares to rehabilitate four retention basins at the Kensington Business Center. This week, the village board approved a contract with the Ciorba Group Inc., which has worked with the village in the past, to provide engineering design services, at a cost not to exceed $96,759.

  • Lake Barrington gets first look at Speedway plan Nov 20, 2014 5:30 AM
    The plan to build a Speedway gas station in Lake Barrington went before the board of trustees for the first time Wednesday night at a special meeting. The proposal has fueled outrage among residents who have held a protest, circulated a petition and come out in droves to public meetings.

  • Could residents challenge Speedway vote? Nov 20, 2014 4:48 PM
    A legal challenge could be in the works against the Lake Barrington village board’s late-night vote to approve construction of a Speedway gas station on the corner of Northwest Highway and Kelsey Road. After a 7˝-hour board meeting ende with a 6-0 vote in favor of Speedway’s proposal, opponents were left deciding their next move.

  • Rolling Meadows hopes for better economic news in 2015 Nov 20, 2014 5:30 AM
    An economic development consultant gave Rolling Meadows city council members an update on the business climate in town on Tuesday night with mostly bad news. The vacancy rate in the city is above 13 percent, higher than the 9 percent average around the Chicago area. Also there's still no concrete movement on the former Dominick's property along Kirchoff Road.

  • Lisle project a step closer to approval, despite opposition Nov 20, 2014 5:30 AM
    An advisory committee is recommending approval of a proposed apartment and retail complex at the former village hall site in downtown Lisle. But a group of Lisle residents is trying to convince village board members to postpone final action on the plan until various concerns about the project have been vetted. “We just want it to be done right for the downtown,” said Jeanne McLennan, who is a member of the “We Love Lisle” group.

  • Developer parries Buffalo Grove plan commissioners questions Nov 20, 2014 4:19 PM
    Buffalo Grove’s new planning and zoning commission held its first workshop on the Buffalo Grove downtown proposal Wednesday at the very village hall that would be razed to make developer Chuck Malk’s vision of a mixed-use development on the village office campus and golf course a reality.Following Malk’s formal presentation, commissioners didn’t waste any time applying their scalpels.

  • New restaurant opening in Palatine under old name Nov 18, 2014 6:33 PM
    The Palatine village council granted a special use permit allowing an Italian restaurant and bakery to open in the Woodcraft Plaza shopping center along Dundee Road. Rossini de Lucca will serve pizza, hamburgers, sandwiches and salad. “This will be a family restaurant for all ages and for all types of people,” owner Jaroslav Prus said.

  • Brainerd Building demolition begins today in Libertyville Nov 17, 2014 9:27 AM
    After 97 years, the end is near for Libertyville's Brainerd Building. The original home of the Libertyville High School Wildcats, the two-story facility on Route 176 at Brainerd Avenue is facing its final curtain and a date with a wrecking ball. “It's going to be a little different, to not have the Brainerd Building there,” said Libertyville Mayor Terry Weppler, who grew up in town. “It think everybody's going to miss it.”

  • Decision coming on controversial Lake Barrington gas station plan? Nov 17, 2014 5:25 AM
    A gas station plan fueling debate and protest among Lake Barrington residents since the summer could win approval from village officials this week. The Lake Barrington village board will discuss the proposal to build a Speedway gas station at the intersection of Northwest Highway and Kelsey Road at a special meeting Wednesday.

  • Lake Zurich working to extend tax zone for downtown redevelopment Nov 15, 2014 7:24 AM
    Lake Zurich village board, trying to extend the life of their downtown tax increment financial district by 12 years, may have reached a deal to get District 95's support. “The TIF extension is critical to the village for our overall financial sustainability and, in particular, our ability to successfully manage the outstanding debt obligations associated with the TIF district,” Village Manager Jason Slowinski said.

  • Upscale candy-inspired restaurant opens in Rosemont Nov 14, 2014 5:37 PM
    The latest addition to Rosemont’s entertainment district is now officially open for business. Sugar Factory American Brasserie has started serving such delectable dishes as red velvet pancakes and King Kong sundaes, and cocktails such as smoking candy goblets and cotton candy cosmopolitans. “We have over 120 reservations for Friday and Saturday night,” said Anna Finnegan, the restaurant’s general manager. “Now that the word is out, we’re preparing for the big time this weekend.”

  • Day Go Dogs among new businesses in Arlington Hts. Nov 11, 2014 4:24 PM
    A new Italian restaurant — Day Go Dogs and ‘Za — is expected to open by the end of the year in the former Riviera location at 5 W. Campbell Street in downtown Arlington Heights. Owner Richie Vaia said the new spot will have the same fast-casual food for good prices as his former Algonquin location. A half-dozen other businesses also have opened recently in the village, officials said.

  • Mundelein officials narrowly approve controversial deal to lure Wal-Mart Nov 11, 2014 7:19 PM
    With their eyes on the town's first Walmart, a divided Mundelein village board Monday approved a tax-sharing deal with the owner of the Oak Creek Plaza shopping center.

  • Quentin Corners Subway moving to new spot in Palatine Nov 11, 2014 12:53 PM
    The Palatine village council approved a plan to move the Subway restaurant currently located in the Quentin Corners shopping center to a new location at 243 W. Northwest Hwy., in the spot previously reserved for a Jersey Mike’s restaurant. In 2013, the council approved a plan to put a drive-through Dunkin’ Donuts and a Jersey Mike’s at a new shopping center at 243 W. Northwest Hwy., which is just west of the intersection of Northwest Highway and Smith Street in between a McDonald’s and a BMO Harris Bank.

  • Buffalo Grove downtown plan still faces many hurdles Nov 13, 2014 1:59 PM
    Developer Chuck Malk, addressing a large crowd at Buffalo Grove village hall last week, told the audience, “This is your downtown.” But to the largely hostile and at times combative and sarcastic gathering, it didn’t seem to be theirs at all, but, rather, something foreign and unwanted invading their community.

  • Medical marijuana dispensary proposed in Des Plaines Nov 7, 2014 5:01 PM
    Only one potential medical marijuana dispensary has applied to the state to open a facility within the city limits of Des Plaines, officials said. Prime Wellness of Illinois is seeking one of the highly sought-after state licenses to sell medical marijuana. Company investors are hoping they’ll be able to open within a currently vacant 4,000-square-foot retail tenant space at 415 W. Touhy Ave.

  • Mt. Prospect OKs Rand Road transportation study Nov 7, 2014 4:47 PM
    Mount Prospect will spend up to $125,000 to study the Rand Road corridor. All but 20 percent of the funds will come through a grant from the Regional Transportation Authority. It will examine transportation patterns as they relate to cars, bicycles, pedestrians and public transportation.

  • Airline food processing plant proposed in Des Plaines Nov 7, 2014 6:10 PM
    Starting next year, your in-flight meals may be coming from the kitchens of a new state-of-the-art facility in Des Plaines. International Airport Centers Chicago LLC plans to build a $11.4 million, 130,000-square-foot manufacturing and warehouse facility at 200 E. Touhy Ave. on the city’s southwest side.

  • Overhaul in works for Mount Prospect shopping center? Nov 6, 2014 11:39 AM
    Golf Plaza II, a large shopping center at Golf and Elmhurst roads in Mount Prospect, took a hit when Dominick's left the site in 2013. But viillage officials say they've talked to the property owner about redevelopment opportunities there, and hope to receive a formal proposal before the end of the year.

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