The Biz Week That Was: Mall redevelopment, new senior apartments, and shopping center revival among the highlights

St. Charles approves plans for development near former Charlestowne Mall

St. Charles has approved preliminary plans for Fox Haven Square, a commercial development near the former Charlestowne Mall site on the city’s east side.
Courtesy of city of St. Charles

St. Charles city officials have approved preliminary plans for Fox Haven Square, a commercial development near the former Charlestowne Mall site on the city’s east side. Bartlett-based developer Greco Investment Management, LLC is looking to construct four buildings around a central plaza that would house a mix of restaurants, stores and an indoor pickleball complex on a vacant 7.5-acre parcel at the corner of Kirk Road and Route 64.

The Moorings proposes 70 new senior independent-living apartments in Arlington Heights

Looking to meet increasing demand, The Moorings has proposed construction of a 5-story, 70-unit independent-living apartment building on its campus in Arlington Heights. The new construction would add to the senior living community’s roster of residential living spaces for adults age 62 and older, and be the first major expansion on the 41-acre campus at 811 E. Central Road since 2016.

Geneva business community organizes to help Pärla after fire

A Geneva business damaged this week by a fire is getting help from the community on the cleanup effort. The cause of the Monday fire at Pärla, 122 Hamilton St., is under investigation. Pärla is a consignment store of home decor on two floors.

New apartment community in Mundelein proposed for site of Libertyville Montessori School

Two years after being proposed, construction of a new apartment community in Mundelein will mark the end of Libertyville Montessori School. Work is getting underway for Springs at Mundelein, a “garden style” community of 147 apartment homes on the west side of Butterfield Road south of Huntington Drive.

Citing safety and building height, Arlington Heights panel rejects affordable housing plan

Citing concerns ranging from crime and tenant vetting to building height and compatibility with the neighborhood, the Arlington Heights plan commission has rejected revised plans for a 3-story, 25-unit permanent supportive housing development for people with disabilities and veterans on South Arlington Heights Road.

Time to bring in a new developer? Lisle trustees reviewing options on shuttered shopping center

More than two years after Lisle trustees backed a controversial plan to redevelop a vacant shopping center in the village’s downtown, the property remains untouched. Next month, the trustees will decide whether to extend an existing redevelopment agreement or look for another developer to revamp the shuttered Family Square Plaza at the southeast corner of Ogden Avenue and Main Street.