Excitement is in the air as the village of Wheeling is finally going to have a designated downtown area. At the cost of $110 million, the area will include apartments, a movie theater, retail shopping and various restaurants. Increased residential growth is also anticipated.

Below is an article from constructionequipmentguide.com that describes in detail all that will be happening in Wheeling. After reading the details of this new venture, give us a call at Caton Commercial so we can partner with you and provide guidance for your commercial real estate needs.

Source: constructionequipmentguide.com | Re-Post Caton 8/30/2017 –

This northern Chicago suburb has long lured diners to its popular 3-mile-long Restaurant Row along Milwaukee Avenue. But despite its gastronomic prominence, the village of Wheeling has no real downtown, even though it was founded in 1894.

That is about to change.

After years of planning and overcoming obstacles, the construction of a downtown is finally underway in the village 30 miles northwest of Chicago.

What does a new downtown cost? The tab here is $110 million.

A town center will rise on a 16.2-acre vacant site created by the demolition of the bankrupt Wickes Furniture property on Dundee Road at Northgate Parkway. The site is surrounded by existing structures that set the stage for a downtown area, such as the village hall, police and fire stations, park district recreational building, aquatic center, ball fields, a lake and a commuter rail station on Metra’s North Central Service line.

recently, crews are laying foundations for the town center. Here’s what to expect at the opening, slated for late 2018: A five-story, 300-unit apartment building will wrap around a 25,000-square-foot plaza with a pool, putting green, bocce court, fire pit, barbecue grills and a gazebo. The courtyard will serve as a central gathering place for residents and the surrounding community.

Read the full article…