Schaumburg to demolish condemned strip mall
Schaumburg officials have bought the strip mall at the northwest corner of Schaumburg and Roselle roads through a settlement of condemnation proceedings, and will soon demolish it to make way for a larger commercial building.
The village ended up paying $2 million for the mall, which now has Sara Lee, a chiropractor, a hair care business, an employee recruitment firm and a jewelry and coin shop among its tenants.
These tenants were notified of the sale in December and will vacate the building by the end of the month.
Though the hair care business is closing, the others are taking part in a federal tenant relocation program by which the village will pay for their moving costs, Schaumburg Economic Development Coordinator Matt Frank said.
The moving costs are coming from the tax-increment financing (TIF) fund which has paid for public improvements around the intersection since 1990, but which will expire in 2013.
Sara Lee is moving to Streamwood, but the other tenants will remain in Schaumburg. Accurate Personnel LLC will be just across the street at 33 S. Roselle Road, The Coin Mart/Jewelry Mart at 757 Golf Road and chiropractor Richard Altieri at 1870 N. Roselle Road, Suite 103.
Schaumburg trustees this week authorized a $33,500 demolition contract with Impactor WC of Schaumburg, which will be executed as soon as the tenants have moved out and asbestos has been removed.
United Land Development, which is also to build the adjoining Pleasant Square residential development, will buy the land and build the replacement for the strip mall, which was designed even before condemnation proceedings began in April 2008.
The two-story, 16,719-square-foot commercial building and its parking structure will occupy both the strip mall site and the long-vacant corner where a gas station once stood.
Though the new building will be a single structure, each shop's facade will vary. Its more classic architecture is intended to tie in better to the historic character of the area than the strip mall did.
Final approval of the building's design, as well as a revision of the Pleasant Square development, will come before the village board in April.