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Commercial Real Estate

With pending sale, could Carson's store at Stratford mall be redeveloped?

By Katlyn Smith
Mar 5, 2021 5:30 AM - A prospective buyer has made an offer to purchase a vacant department store at Stratford Square Mall in Bloomingdale after the anchor property was put on the auction block amid retail turmoil at the regional shopping center.
Banquet hall, entertainment destination proposed for former Sam's Club in Naperville

By Lauren Rohr
Mar 5, 2021 5:30 AM - Owners of Naperville's Mall of India plan to transform an adjacent warehouse building into a multiuse entertainment and recreation destination, called The Matrix.
Palatine seeking tenant for former Starbucks space at train station

Daily Herald report
Mar 4, 2021 12:39 PM - The village of Palatine is seeking proposals to operate a restaurant/commercial space at 137 W. Wood St., inside the downtown Metra station, which was vacated by Starbucks in January.
$26.8 million redevelopment of downtown Mount Prospect shopping center gets OK from board

By Steve Zalusky
Mar 3, 2021 9:27 PM - Mount Prospect village board members voted Tuesday to approve the redevelopment of the Prospect Place shopping center, as well as a package of more than $4 million in financial incentives to support the downtown project.
Public hearing set for controversial Thorntons plan in Mundelein

By Russell Lissau
Mar 2, 2021 5:49 PM - Mundelein's planning and zoning commission meets virtually Wednesday night to discuss a controversial plan to build a gas station at a highly traveled intersection on the village's north side.
After residents' complaints, developer shrinks plan in Des Plaines

By Russell Lissau
Mar 2, 2021 8:11 AM - After an outcry from residents, a controversial plan to build an apartment complex and a commercial building in Des Plaines has been reduced in size.
Arlington Heights allows for restaurants, offices, apartments, more at International Plaza

By Christopher Placek
Mar 2, 2021 7:04 AM - Arlington Heights trustees Monday made changes to long dormant redevelopment plans that could pave the way to senior housing, among a variety of other uses, at International Plaza on Golf Road.
Constable: Duchossois has fond memories, hope for what's next at Arlington Park

By Burt Constable
Mar 2, 2021 6:16 AM - His heart and soul went into the building of Arlington Park, but 99-year-old Dick Duchossois has fond memories and hope that new owners will do something that benefits the community.
Barrington nearing vote on comprehensive plan update, sets March 16 public hearing

By Elena Ferrarin
Mar 1, 2021 2:35 PM - After conducting a residents' survey and lots of community meetings, the village of Barrington is nearing completion of its 2020 comprehensive plan and will hold a public hearing March 16.
Huntley board set to vote on Freeman Road development after slight changes to plan

By Kelli Duncan
Mar 1, 2021 12:35 PM - The Huntley Village Board is set to vote March 11 on a new development proposal on Freeman Road that promises upwards of 1,000 new jobs in 2022.

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