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Suburban Triangle May Finally Yield Gold

BARRINGTON-A long-debated redevelopment of a Downtown site in this affluent northwest suburb appears on track. The James Co. and Mid-America Asset Management envision a 175,000-sf retail and office development with green space.

By Mark Ruda | Updated on March 22, 2001

BARRINGTON, IL-This affluent small-town suburb northwest of Chicago has pondered for decades what to do with a 14-acre parcel north of its Downtown dubbed “the Golden Triangle.” Now, the village’s development team of choice appears ready to create a 175,000-sf retail and office development with green space there similar to one in Downtown north suburban Lake Forest.

Village Manager Robert R. Irvin already is negotiating a letter of intent with Northbrook, IL-based James Co. and Oak Brook, IL-based Mid-America Asset Management to develop what now is an assortment of retail buildings, including a car dealership. Bounded on the east by Hough Street, the main north-south thoroughfare through the village, the site is bounded by criss-crossing railroad tracks, including Metra’s northwest line. Negotiations with four property owners have begun, and Trustee Daniel Frommeyer concedes the village could use its eminent domain power to acquire the site at fair market value.

However, the village, which is the main shopping and business area for other surrounding exclusively residential suburbs, is competing with nearby lifestyle shopping center Deer Park Town Square, an immediate success after its opening last year.

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