"It's not too often that we have a chance to redevelop a gateway to a community," says Alderman Margaret Laurino. The 2.9-acre site is near the entrance to the Mayfair Historic Bungalow District.
Schaumburg-based Glendale 2004, LLC is proposing a 17,308-sf Staples store along Pulaski Avenue on the northern end of the site, a 14,707-sf Walgreens along the 4000 block of Lawrence Avenue, a 12,160-sf building along the western end of the site with multiple storefronts and a 3,893-sf branch bank along Pulaski Avenue. A bank tenant has yet to be identified, says Denise Roman of the Department of Planning and Development.
Glendale 2004, LLC paid $5.5 million for the site more than a year ago, according to property records, and has lined up $14.9 million in financing.
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