Articles filed under Commercial Real Estate
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‘Main Street is hurting’: Wauconda authorizes acquisition of long vacant restaurant space downtownApr 17, 2025 2:45 pm - Wanting to prevent continued economic malaise in the downtown business area, Wauconda officials have authorized the acquisition — one way or another — of the former Bulldogs restaurant.
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Former furniture store in Schaumburg finds new life as orthotic, prosthetic care clinicApr 15, 2025 8:40 pm - The conversion of a former Ethan Allen furniture store in Schaumburg into a 19,500-square-foot integrated care clinic for orthotic and prosthetic patients is complete.
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Developer pulls plug on Arlington 425 project plagued by delays and financing woesApr 15, 2025 7:52 pm - The ambitious Arlington 425 development that would have transformed the face of downtown Arlington Heights and been the largest project in some two decades in town has been scrapped, Arlington Heights officials said Tuesday.
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Consultant identifies ‘opportunity sites’ in Palatine’s updated comprehensive planApr 15, 2025 3:25 pm - Palatine brought the latest version of its comprehensive plan across the finish line this week.Village council members unanimously approved the plan Monday night, completing a two-year process led by village consultant The Lakota Group.
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Developers look to convert offices into studio apartments in CaryApr 15, 2025 1:43 pm - A two-story office building off Route 14 in Cary could be turned into 12 studio and one-bedroom apartments in the next few years.
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Wheaton office park could turn into multifamily housing developmentApr 15, 2025 9:49 am - The owners of the Wheaton Oaks office park are asking the city to rezone the property to help pave the way for a future multifamily development.
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Despite criticisms, Mundelein approves plan for Ivanhoe Village payments to schools, libraryApr 14, 2025 10:03 pm - Mundelein trustees have approved a tentative plan for how much the company behind the proposed Ivanhoe Village development should pay the schools and library that will be used by its eventual residents.
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Restaurant campus on target for spring 2026 opening in Schaumburg near WoodfieldApr 10, 2025 3:14 pm - At least seven restaurant tenants including Lazy Dog, Cava, Piccolo Buco and Naansense are expected to start moving into the 7.4-acre Crossroads of Schaumburg development at the northwest corner of Golf and Meacham roads in October following its groundbreaking this week.
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Lake Zurich leaders hope sale of key lakefront property will spark redevelopmentApr 08, 2025 5:46 pm - After more than 20 years of proposals that haven’t materialized, Lake Zurich officials on Monday sold a prime property downtown with hopes it finally will be developed and boost ongoing revitalization efforts.
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Deal with new BMO bank building to add public parking in downtown PalatineApr 08, 2025 5:27 pm - A redevelopment agreement with the prospective owner of the BMO building in downtown Palatine promises to boost the inventory of public parking.