The Biz Week That Was: A virtual reality escape, industrial and Main Street-like developments, and grants for business growth
‘A new kind of entertainment’: Rosemont virtual reality venue opens Friday
Starting Friday, you’ll only have to go as far as Rosemont to be able to travel to ancient Egypt or 3.5 billion years back in time — virtually, of course. Visitors will don virtual reality glasses as they walk through EXP, the new 26,000-square-foot immersive art venue in The Pearl District south of Balmoral Avenue and west of the Tri-State Tollway.
Planned industrial buildings in Schaumburg require demolition of 19 unincorporated homes
A proposal for a pair of industrial buildings between Wintrust Field and Experior Logistics’ new trucking headquarters in southwest Schaumburg will require the demolition of all 19 houses along unincorporated Long Avenue. The Chicago-based Midwest Region of Logistics Property Company LLC has pitched Schaumburg the plan to build the two spec buildings totaling 436,500 square feet on roughly 70 acres. The company has all 25 properties under contract to buy, including the 19 homes and vacant land, some of which is owned by the village.
Three guys in Vernon Hills have combined their love of drinking bourbon and hunting for hard-to-find bottles to make a hub for people just like them. It’s a place they would have frequented if it had already existed. But since it didn’t, they built it themselves. Aged in Oak in Vernon Hills is a unique concept that marries an auction house with a bar.
Schaumburg celebrates start of ‘Main Street’-like development of The District at Veridian
Attendees of Tuesday’s groundbreaking ceremony for The District at Veridian, at the east end of Schaumburg’s former Motorola campus, got to see two months of progress on a nine-story apartment building above a ground-level restaurant and retail area. Some referred to the event kicking off the 30-acre Main Street-like project as a “vertical celebration.”
Trump's workforce purge batters DC's job market and leads to rise in homes for sale, report finds
The Department of Government Efficiency's remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress, according to a report released Wednesday. The number of homes for sale in the District of Columbia, Maryland and Virginia region, also known as the DMV, is up by 64% since June 2024, and the region’s unemployment rate is the highest in the nation, according to the DMV Monitor.
Cook County launches grant to support businesses ready for growth
Cook County on Thursday launched a new grant program, offering 88 established businesses in select industries a chance to receive $100,000 to fuel their growth. The Catalyst Grant is the first effort led by the Cook County Bureau of Economic Development aimed at supporting growing and established businesses throughout the county with annual sales greater than $500,000. Applications are open until 5 p.m. Oct. 31.