90 North District Redevelopment Update
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Schaumburg's 90 North District features more than 320 acres of mixed-use development in a premier location that is only 11 miles from O'Hare International Airport and within close proximity to downtown Chicago. Regional and global anchors have already created a strong economic core at I-90 and Meacham Road with many more yet to come.
The new
90 North District website is now available. You can find the latest information about the vision, opportunities, and progress of both 90 North District East and West. Be sure to check it out!
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90 North District
East
Update
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REQUEST FOR PROPOSALS: The Village of Schaumburg is seeking Statements of Qualifications from a master developer to redevelop village-owned 23 acres within the 90 North District East as a mixed-use entertainment district. The site is located within the largest commercial and retail hub in the region, outside of downtown Chicago. It is anchored by the Schaumburg Convention Center and Renaissance Hotel which hosted 93 events with an estimated 250,000 attendees in 2018.
The village is seeking to pre-qualify a limited number of respondents based on their financial capacity and demonstrated ability to complete a development of similar scale and scope. Shortlisted respondents will be invited to participate in a subsequent Request for Proposals. It is anticipated that a master developer will be chosen in early 2020.
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90 North District
West
Update
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90 North District West is home to Veridian, a new 225 acre mixed-use campus that will bring a truly urban feeling and experience to the Chicago suburbs; a boutique hotel, enticing retail, worldly cuisine, and lively entertainment culminating in a robust community dedicated to togetherness and new adventures.
Unique in its vision, Veridian seeks to capture a wide variety of people who are looking for a sophisticated urban experience close to home. Projects planned and/or under construction include:
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The development of this new entertainment venue is well underway with anticipated completion in fall 2019. Amenities include 100+ climate-controlled hitting bays, more than 200 HDTV'S, full-service restaurant and bars, a rooftop terrace with fire pit, and private event spaces and meeting rooms.
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The Element at Veridian Apartments
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This new luxury residential development boasts a 4-story building with 260 high-end apartments that encompass and wrap around the parking structure. Completion of the project is anticipated for spring 2020.
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This contemporary development includes an 8-story, 180,000 square foot global headquarters and will include two additional structures - one mirroring the Boler building featuring modern architectural design and the other being a 6-story building with three levels of office space and parking. This recently approved plan is anticipated to reach completion by the end of 2020.
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Harbor Chase
This new residential development features a 110-unit assisted living and memory care facility. Harbor Chase has a reputation for superior hospitality, elegance and attentive senior care living. This newly permitted development has an anticipated completion of fall 2020.
For more information and development opportunities, visit the Veridian
website.
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Village of Schaumburg officials have approved a rezoning plan from business to residential to allow Houston-based Finger Development Company to level the vacant Discovery Office Park and replace it with a 443,734 square foot, four-story, 373-unit apartment building. Anticipated amenities include three outdoor swimming pools, a sand volleyball court, walkways and a playground in the courtyard areas, and an outdoor dog park. Storage rooms, bicycle storage and a dog grooming room are also planned on the basement level of the garage.
With the support of the village, the developer hopes to begin construction this year and expects the first residents to move in by fall of 2020. Additional details on the development can be found
here.
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Prairie Town Center - At Home and 24 Hour Fitness
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Congratulations to Paige Schiesser and Dick Spinell at Mid-America on their recent lease signing of At Home and 24 Hour Fitness to backfill 127,000 SF of vacant space at the Prairie Town Center shopping center at the corner of Schaumburg of Barrington Roads.
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Woodfield Dining Pavilion
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Simon Property Group is currently marketing the three remaining tenant vacancies it has available in its new 820-seat Dining Pavilion at Woodfield Mall. Current tenants include Ahi Poke, Blaze Pizza, Charleys Philly Steaks, Chill Bubble Tea, Chipotle, Maoz Falafel & Grill, Pho Café, Stan's Donuts, Suki Hana, and Wok A Holic. If interested in this site, contact
Robert McMurtay
at (317) 685-7375 or visit the
property listing website
.
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CBRE and Colliers is currently marketing a 7.5 acre redevelopment site at the northwest corner of Meacham and Golf Roads. The existing site features a single two story building which houses Macy’s Furniture. CBRE and Colliers is marketing the property for either re-use or complete redevelopment. If interested in this site, contact
Brendan Reedy
or
Luke Molloy
for retail inquiries at (312) 297-7614, or
Jason Simon
at (847) 698-8531. You can also visit the
property listing website
.
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Village of Schaumburg Property Listing
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The Village of Schaumburg recently entered into a brokering contract with Rick Scardino of Lee & Associates to market the village-owned land site at 40 S. Roselle Road for sale. The property is a 1.7 acre site located in the center of Schaumburg, adjacent to an amphitheater and water walk path overlook. Town Square co-tenants include Walker Brothers Pancake House, Bonefish Grill, Oberweis Dairy, Menchie's and the Schaumburg Township District Library. Monument signage is included for future development at the signalized entrances of Roselle and Schaumburg roads.
To view the specific property, click
here. For additional information, contact
Rick Scardino at (773) 355-3040.
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Call for Real Estate Listings
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The Economic Development Department is here to serve as a resource for you and your clients by assisting in back-filling existing vacant spaces and attracting new investment to the community. Staff manages an inventory of available sites on the village's website as well as actively promotes the inventory to new businesses looking to locate in Schaumburg.
If you would like your listing featured in our inventory, please email a property brochure and/or property specifications to
Kevin Leighty. To view the current list of available lots and buildings, please visit the village's LOIS Available Sites portal below.
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About the Schaumburg Real Estate Roundup
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.
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Contact the Economic Development Department
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