Category: Business Climate

Woodridge Residential, Commercial and Retail Development Rebounds in 2014

Posted on | by brent

Woodridge experienced positive developments in the commercial and retail sectors during 2014. In the spring, Art Van Furniture officially opened its 68,000-square-foot store located at the northwest corner of Boughton Road and Woodward Avenue. The Village also became home to Hobby Lobby, which located in the former Sports Authority storefront at the Centerpointe Shopping Center.

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County Approves Green Building Incentives

Posted on | by brent
The DuPage County Board approved an incentive program to encourage developers and property owners to “build green” projects throughout the County. Following the approval of these incentives by the Stormwater Management, Environmental, Economic Development and Development Committees, members voted unanimously to implement a list of incentives that reduce permitting time and costs for projects that qualify under standards set by the U.S. Green Building Council. Continue reading →

Suburban office vacancies hit six-year low, indicating strong market gains

Posted on | by brent
As Chicagoland continues to attract major users and headquarters including Advocate Health Care, Duchossois Group, and Capital One, the seven-county region is exhibiting strong market gains, according to a report by global real estate firm CBRE Group, Inc. Vacancy rates in suburban offices continue to drop, absorbing over 1.1 million square feet of existing office space in the fourth quarter of 2014. Continue reading →

Fresh Thyme to Relocate Headquarters to Downers Grove

Posted on | by brent
By: Micah Maidenberg, Crain’s Chicago Business An organic grocer that plans an ambitious expansion across the Midwest has inked deals for two more Chicago-area stores as it prepares to move its headquarters to Downers Grove from Phoenix. Fresh Thyme Farmers Market signed a 15-year lease for its first store in the city, at 2500 N. Elston Ave., a busy retail corridor between Bucktown and Lincoln Park, company President CEO Chris Sherrell confirmed. The firm also is opening a store in a former Dominick’s in Crystal Lake, he said. Continue reading →

DuPage County Chosen to Receive Federal Funds as a Manufacturing Community

Posted on | by brent

Investing in Manufacturing Communities Partnership

DuPage County is part of a regional effort named as one of 12 “manufacturing communities” in the nation by the U.S. Commerce Department. The U.S. Commerce Department’s Investing in Manufacturing Communities Partnership initiative is part of the federal effort to support job creation and accelerate manufacturing growth. Continue reading →