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Inaugural Edition - December 2018
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Welcome to the Schaumburg Real Estate Roundup!
Welcome to The Schaumburg Real Estate Roundup, a quarterly e-newsletter provided by the Village of Schaumburg Economic Development Department to keep you informed of the latest economic development initiatives and industry activities in the community. We look forward to sharing information and receiving your feedback.
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As one of the largest economic development centers in the State of Illinois, Schaumburg is fortunate to attract many new and exciting businesses. Here are a few of the most notable projects in 2018 or planned for 2019:
The Capital Grille is a steak and seafood restaurant which features an extensive wine list and food offerings. It is currently in the process of being constructed to the northeast of Woodfield Mall, at Golf Road and IL-53. Construction is estimated to be completed in Summer 2019.
City Works Restaurant is an eatery & pour house that features classic American fare along with 90+ craft beers on draft. City Works will be occupying 13,500 SF in a Hyatt Regency outlot later in 2019.
The first residential project as part of the
90 North District redevelopment was recently approved for Element at Veridian, which will be a 260-unit high end apartment building. The apartment building will feature 201 studio and one-bedroom units, 51 two-bedroom units and eight three-bedroom units. Construction is estimated to begin in 2019.
The Emergency Nurses Association recently
back filled
44,000 square feet of office space at 930 Woodfield Road. The office will serve as the Association's headquarters for its staff which services more than 43,000 members.
New construction is currently underway at 740-780 Wiley Farm Court to accommodate Feed My Starving Children's new 50,000 square foot space. The work is estimated to be completed in early 2019.
The Motorwerks Auto Group is constructing a 44,000 SF Jaguar/Land Rover dealership along Golf Road, near the Schaumburg Toyota dealership. The new dealership will feature a 10,000 SF show room, a 25,000 SF service area, and approximately 10,000 SF for offices and parts storage.
Shake Shack is a modern day roadside burger stand, which serves delicious burgers, chicken, hot dogs, ice cream shakes, frozen custard, beer and wine. The new restaurant will be opening up in a Woodfield outlot facing Golf Road in 2019.
Topgolf is a premier entertainment and event venue with point-scoring golf games for all skill levels. Top Golf also features an upscale bar and restaurant, competitive leagues, and golf lessons for beginners. Top Golf broke ground earlier this year on the west side of the
90 North District redevelopment and is estimated to be completed by the end of the third quarter in 2019.
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Call for Real Estate Listings
The Economic Development Department is here to serve as a resource to 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 send a property brochure and/or property specifications to
[email protected]
. To view the current list of available lots and buildings, please visit the village's Available Sites portal below.
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Economic Development Initiatives
The Economic Development Department has been working on a number of initiatives. Please consider leveraging the following resources when negotiating with potential tenants:
Workforce Development
The Village of Schaumburg, in partnership with several municipalities and organizations, has become a driver of workforce development in all commercial industry sectors.
Harper College
- Harper College has a number of apprenticeship opportunities available including CNC precision machining, industrial maintenance mechanics, and logistics & supply chain management.
GCAMP
- The Golden Corridor Advanced Manufacturing Partnership (GCAMP) is a regional organization dedicated to increasing the skilled workforce in the greater Schaumburg area. GCAMP strives to provide education, training, and employment opportunities to students, parents, schools, and manufacturers.
Schaumburg Township
- Schaumburg Township Employment Support Center has a number of individuals looking for a variety of different types of work. It provides assistance to job seekers in order to provide Schaumburg employers with top talent to fit their hiring needs.
Illinois workNet
- The Illinois workNet program is one of the most comprehensive employment, business services and support resources available. The organization leverages partnerships and technology to expand seamless and real-time access to workforce development resources.
Next Level Northwest
Next Level Northwest (NLNW)
is a free business accelerator program for businesses that have moved beyond the start-up phase but have not yet reached their full potential. Interested companies can pitch themselves to a panel of judges during one of the village's "pitch nights" throughout the year. Once accepted, the business will be paired with professional business coaches and mentors. To qualify, businesses must have been in business for at least three years and reached certain financial milestones.
Illinois SBDC
The Illinois Small Business Development Center (SBDC)
at Harper College can help no matter which phase of business a company is in. Exploring a new business idea, hiring for open positions, or structuring the purchase or sale of a business; are all parts of the SBDC's free services. The SBDC at Harper College has a talented team of seasoned business advisors who will help business owners identify, understand and overcome the challenges of running a successful business.
Transportation
During the ED Department's business retention visits, transit issues for employees are some of the most commonly cited challenges. Many of these businesses are not aware of the variety of transportation options available. Here are some of the most beneficial opportunities:
Metra
- The Milwaukee District West (MD-W) and Union Pacific Northwest (UP-NW) train lines have several stations within 5 miles of Schaumburg. Riders can choose to take the train in from Chicago to the Schaumburg, Roselle, Hanover Park, Arlington Park, or Palatine Metra stations.
Pace
- In addition to the numerous routes in and around the Schaumburg area, Pace operates routes that travel directly from the previously mentioned Metra train stations as well as routes that go to and from the Elgin area, Rosemont Blue Line, north Schaumburg business area, and Woodfield Regional Center. See below for additional details on these routes.
Pace Vanpool
- Workday rideshare arrangement that can help employees enjoy a more comfortable and more affordable commute. The program is available for all commuters who live or work in Cook, DuPage, Kane, Lake, McHenry and Will counties.
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New Economic Development Department
The Village of Schaumburg recently launched its brand new Economic Development Department earlier this year. The new department features two existing Village staff members and welcomes two new additions to the team. Economic Development staff is dedicated to enhancing the economic vitality of the community, largely by maintaining close working relationships with the real estate community.
If you are interested in meeting the new Economic Development Department staff members, or wish to discuss particular issues or problem areas facing the clients you represent, please reach out to one of the following team members:
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Matt Frank
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Director of Economic Development
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(847) 923-3853
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Debbie Van Sickle
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Economic Development
Manager
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(847) 923-3852
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Kevin Leighty
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ED Management Analyst
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(847) 923-3871
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Kristeen Riforgiato
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ED Administrative Secretary
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(847) 923-3707
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About the
Schaumburg Real Estate Roundup
The Schaumburg Real Estate Roundup is an e-newsletter distributed to real estate and business professionals and to keep them informed of the latest activities and developments in the area. If you have any questions or comments about the information provided in this e-newsletter, please contact the Economic Development Department at (847) 923-3871 or
[email protected].
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