90 North continues to be a major draw for new investment in the TIF District. In November, Topgolf celebrated its one year anniversary of its Schaumburg location and Element Apartments welcomed its first residents in June. Element Apartment's new website offers leasing information and views of its upscale amenities and fun community features.

Development is now complete on the 8-story, 180,000 square foot Boler-Hendrickson office headquarters. Relocation of the company’s employees is currently underway. Northgate at Veridian by DR Horton is also making substantial progress. The 260 residential unit row home development is nearing completion with model units currently available for touring.

DR Horton is currently marketing its units for sale, which were completed at the end of 2020. The sales office for the townhome units is located onsite at 2300 Progress Pkwy. Floor plans of the different models are available online.

Additional interest in corporate headquarter businesses and other developments remains high as the village continues to market development sites with Urban Street Group to site selectors and businesses. The Village of Schaumburg is also working with Kensington Development Partners for the Entertainment District that will build upon the success of the Renaissance Schaumburg Convention Center Hotel. For more information, visit the 90 North website.

Urban Street is working with the Mason Retail Group on The District which will be a mixed use development just west of Meacham Road and north of the Zurich Headquarters. If interested in this future development, contact Kevin Kohnen with the Mason Retail Group at (410) 558-3100. For more information on The District and Veridian, click the link below.

CBRE is marketing office/flex space at 50 E. Commerce Drive. The listing features four different suites available for lease totaling 50,107 SF of available space. The property is located just south of the 4-way I-90 interchange at Roselle Road and is in close proximity to numerous restaurants and hotels. If interested in this site, contact Daniel Graham at (847) 706-4032 or Robert Graham at (847) 706-4034. You can also download the property brochure here.

Shabu-You will soon be the new occupant of the former Chevy’s space as interior and exterior renovations continue at 1180 Plaza Drive. Shabu-You will serve primarily shabu shabu, which is a traditional Japanese dish that consists of thinly sliced meat and vegetables cooked in a hot broth. Work is estimated to be completed in early to mid-2021.

School District 211 has closed on its sale of a vacant 62-acre site in Schaumburg and received the full payment of $17.7 million from Nitti Development LLC, for the construction of 149 single-family houses. At this time, the developer is refining its plans to provide more detailed construction drawings to obtain permits for the approved project.

The Cook County Assessor’s Office recently published its 2019 Reassessment Report for the northern suburbs. This report covers:

The Illinois Department of Public Health (IDPH) has helped develop the official State of Illinois COVID-19 Vaccination Plan, which is being used to provide information on plans for vaccination implementation. Section 3 specifically details which types of individuals and employees will be eligible to receive vaccinations as supplies become available. For additional information about the plan, including a detailed report, click the link below.

The Village’s Economic Development Department continues to ensure that the commercial listings posted on the village's website are up-to-date, accurate and inclusive of all available sites in Schaumburg. Site selectors, non-local brokers, and business owners oftentimes will look to a municipality’s site for listings. There is no cost to have your listings posted.

We ask that you visit Schaumburg’s listing site and send listing brochures and any associated documents to be included on the website to Management Analyst Kevin Leighty at [email protected].

The Schaumburg Real Estate Roundup is a quarterly e-newsletter provided by the Village of Schaumburg Economic Development Department to keep real estate and business professionals informed of the latest economic development initiatives and industry activities in the community. You can continue to stay informed by signing up online for additional e-newsletters, including the weekly Progress Report and the Small Business Source.

at (847) 923-3871 or email Kevin Leighty.