The Biz Week That Was: A buyer for Streets of Woodfield, plans for a new Target and a proposed suburban children’s hospital
Streets of Woodfield in Schaumburg finds eager buyer at a discounted price
More than four years after a first attempt to sell the Streets of Woodfield shopping center, New York-based private equity firm Blackstone has found an eager buyer in Hutensky Capital Partners of Hartford, Connecticut. Blackstone is getting only $69 million for the 692,000-square-foot property it paid $168.5 million for in 2015.
Former Super Kmart in Round Lake Beach to be demolished, replaced by Target store
Ghost signs on the extensive facade are reminders of the Super Kmart that was among the big draws at the Rollins Crossing shopping center in Round lake Beach. The once popular superstore closed more than 12 years ago and has been empty since. But there is renewed enthusiasm about the cornerstone property following the recently announced purchase by Target Stores.
St. Charles’ Fox Haven Square aims to be entertainment destination for east side
With the grand opening scheduled for this spring, the $22 million Fox Haven Square development in St. Charles is quickly transforming from long-imagined to fully realized. With restaurants, entertainment, shopping, fitness and even a pickleball complex, the development aims to revitalize the eastern portion of the city seeking to redefine itself since the Charlestowne Mall closed nearly a decade ago.
Lurie Children’s plans to build hospital in suburbs
Lurie Children’s Hospital of Chicago plans to build a hospital in Downers Grove, it announced Wednesday morning. The hospital would have about 50 inpatient beds and an emergency department, plus outpatient treatment areas. A site has not yet been disclosed.
Barrington Golden Triangle developer shifts gears toward multifamily building
Barrington officials said this week the developer of the Golden Triangle property will concentrate on construction of the mixed-use building, while the car condos will take a back seat. “The original focus was to build the car condos first and then the multiuse building, and now they're shifting focus to the multiuse building,” Jennifer Tennant, village director of development services said.
Site work continues for long-delayed retail development in Wauconda
Tree removal began Wednesday as part of a long-delayed project Wauconda officials envision as a boost to redevelopment in a busy corridor. That work follows the recent demolition of the above-ground portion of the vacant former Fifth Third Bank, south of Route 176 east of Route 12, for a commercial development boosted by a village incentive of up to $1.425 million.
Study shows downtown St. Charles ‘healthy’ business occupancy rates
The city of St. Charles said 2025 represented a year of healthy occupancy rates among the storefronts and businesses in the downtown area. The city is focusing on 11 vacant storefronts going into this year.
Elk Grove Village extends deadline to build data centers at WGN transmitter site
The deadline to begin construction of a data center campus on the WGN radio transmitter site in Elk Grove Village has been extended to September 2027, the radio station’s owner and village officials agreed this week.