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Champion Plans IL Center

HOMER GLEN, IL-Champion Realty Advisors is drawing plans for a 22-acre retail development known as Cedar Glen Center.

By Dana Dubriwny | Updated on February 13, 2006

HOMER GLEN, IL-Downers Grove based-Champion Realty Advisors is developing a master-planned retail development that will accommodate more than 240,000 sf on 22 acres. Located at the northwest corner of 159th Street (Illinois Route 7) and Cedar Road, the development will be known as Cedar Glen Center.

The site will be marketed to upscale retailers with stores varying in size from 1,750-sf in-line units to 155,750-sf anchor spaces. Developer Larry Locascio of Champion Realty Advisors says the retail center will derive much of its consumer base from the expanding population in the area. With the looming Interstate 355 extension, Locascio says the area is ripe for further growth.

At 22 square miles, Homer Glen is Will County’s third largest municipality. According to a census conducted in 2004, the current data shows a population of 24,083 and 7,716 households. The Northeastern Illinois Planning Commission also projects a population of 40,588 by 2030, which is a 54% increase.

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