Developer: Former Motorola campus to become new 'destination' in Schaumburg

  • This multistory tower on the Motorola Solutions campus in Schaumburg will undergo remodeling, while the new owner of the rest of the campus is considering adding a hotel, offices, retail and housing.

    This multistory tower on the Motorola Solutions campus in Schaumburg will undergo remodeling, while the new owner of the rest of the campus is considering adding a hotel, offices, retail and housing. Joe Lewnard | Staff Photographer

  • Interior construction on this two-story structure, Door 82, is taking place on the Motorola campus in Schaumburg, while the rest of the campus has been sold and might get a hotel, offices, retail and housing.

    Interior construction on this two-story structure, Door 82, is taking place on the Motorola campus in Schaumburg, while the rest of the campus has been sold and might get a hotel, offices, retail and housing. Joe Lewnard | Staff Photographer

 
 
Updated 8/1/2016 4:20 PM

A hotel, offices, retail stores and housing are all being considered for the former Motorola Solutions campus in Schaumburg, an executive with Chicago-based UrbanStreet Group said Monday.

UrbanStreet, a real estate investment and development firm, last week acquired about 225 acres of the campus and will work with village officials to finalize a plan for its redevelopment in the next six months.

 

"The Motorola campus represents a unique opportunity for creative repositioning," said Bob Burk, UrbanStreet managing partner. "Given the scale of the property, its access to a variety of transportation options and its position within the greater Chicago region, we see opportunities to reinvent the campus so that it becomes a destination of choice."

On Friday, Motorola Solutions said it sold off the rest of its legendary campus, near Algonquin and Meacham roads, for an undisclosed amount. Motorola will keep about 1,600 workers in two existing buildings that now are being remodeled.

When the remodeling is finished by mid-2017, Motorola will have invested roughly $83 million on the project. The buildings will house mostly engineers, who work on software and hardware products that are used worldwide, said Motorola spokeswoman Tama McWhinney.

Motorola Solutions said last September it would sell the rest of its campus following the headquarters move to Chicago, years of layoffs and a local trend of downsizing suburban corporate campuses.

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Several years ago, Motorola Solutions sold a portion of the campus to Zurich North America for a new headquarters that will open in September. Another 47-acre parcel was acquired May 6 by Oak Street Real Estate Capital, also for redevelopment.

Now, UrbanStreet Group will work with Chicago-based Trilogy Investments to redesign the rest of the campus, which had about 1.8 million square feet of office, warehouse and light industrial buildings.

"This is going to be a multiyear project," Burk said.

UrbanStreet is doing a similar project on 50 acres of a failed regional mall in Crestwood, Missouri, near St. Louis. "It's on a smaller scale, but with the same concept as the Motorola campus," Burk said.

Also, UrbanStreet has apartments under construction just west of the Motorola campus on Algonquin Road. But the apartments are a separate project and won't be linked with the Motorola campus project, he said.

"It's an exciting piece of land and we have a number of ideas for it as Motorola plans its own transition," Burk said.

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