Search
 

Sho-Deen Levels Site for $200M Investment

AURORA, IL-Sho-Deen Inc., based in Geneva, starts demolition of the Baje Steere Industrial Building at 235 S. Broadway to make way for 1,000-plus multifamily units. Future plans may also include up to 125,000 sf of commercial, retail and office space.

By Dana Dubriwny | Updated on May 31, 2006

AURORA, IL-Geneva-based developer Sho-Deen Inc. has begun demolition of the dated Baje Steere Industrial Building at 235 S. Broadway to make way for 1,000-plus multifamily units. Additionally, pending further approval by the City of Aurora, the 27-acre parcel may also include a future hotel, restaurants, riverwalk, public parking deck, pedestrian bridge and up to 125,000 sf of commercial, retail and office space.

Bordered by the Fox River to the west, East Benton Street to the north, South Broadway to the east, and North Avenue to the south, Kent W. Shodeen, CEO and chairman of Sho-Deen Inc. says the property had been sought by the developer for nearly a year. “This is a fantastic location in the heart of Aurora and along the river that has so much exciting potential,” says Shodeen, whose redevelopment proposal was approved by Aurora in January.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.