Grocer, restaurants joining The District at Veridian as it starts construction in Schaumburg
A grocer and multiple restaurant tenants are early signers to The District at Veridian, the residential and commercial area starting construction this year at the east end of the 225-acre Veridian development in Schaumburg that has replaced the former Motorola campus.
This 30-acre component at the southwest corner of Algonquin and Meacham roads will itself be the largest mixed-use development in the village, with more than a million square feet of stores, restaurants, office space and about 574 high-end apartments and row houses.
While the still unnamed grocer will occupy its own building, The District’s first restaurants will be located on the ground floor of an apartment building with more than 280 units, according to Bob Burk, managing partner of developer UrbanStreet Group LLC.
“Our goal next summer is to start infrastructure work and then to be going vertical in the late fall,” he said.
The large building is expected to be completed in early 2026, but Burk hopes it inspires enough demand that a second building could start construction before the first one opens.
Businesses that will accompany the residential buildings are intended to draw patrons who live there as well as those who don’t. The developer also is in discussions with potential entertainment venues.
“The goal is to create an environment that attracts people from surrounding areas,” Burk said.
The proximity of Schaumburg’s 12-acre 90 North Park on the Veridian property is another attraction.
An intended compatibility with the village’s new entertainment district, to be anchored by Andretti Indoor Karting & Games next to the Schaumburg Convention Center and Renaissance Hotel, is being made literal with plans for a pedestrian bridge over Meacham Road.
Meanwhile, the new year also is hoped to establish the future identity of the last Motorola building remaining on the Veridian property to the west. Burk believes it can be a regional road map for the right way to do an adaptive reuse of a vacant office building.
“We’ve kept it for six or seven years with the idea it could be something else,” Burk said. “I would like to get clear direction by the third quarter and pick a path.”
Though the early commercial tenants of The District are not yet being named, Burk expects they will be later this year — well before they’re actually moving in.
Village officials approved the basic framework for The District last spring. It calls for 178,414 square feet of retail space; 90,787 square feet of restaurant space; 608,179 square feet of residential space; 80,682 square feet of office space; and 3.92 acres of open space.
There would be 528 surface parking spaces and 2,524 spaces among four garages.
Aiming to be more urban in style, height will be the norm. There is no defined maximum height, but buildings of only one or two stories would be allowed as secondary structures if they don't exceed 20% of the floor area of any of The District's four quadrants.
Existing components of the overall Veridian development include Topgolf, the Northgate at Veridian townhouses, the 260-unit Element at Veridian apartment building and the eight-story, 180,000-square-foot global headquarters of The Boler Co.