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Construction Begins on $200M Arboretum Center

SOUTH BARRINGTON, IL-Jaffe Cos. is moving forward on a 600,000-sf lifestyle center at the intersection of I-59 and I-72, and has commitments for 60% of the space.

By Gina Kenny | Updated on May 14, 2007

SOUTH BARRINGTON, IL-Construction recently began on The Arboretum of South Barrington, a 600,000-sf lifestyle center at the intersection of Illinois Routes 59 and 72. The center is being developed by The Jaffe Cos., based in Northbrook, IL. The Arboretum of South Barrington will be constructed in two phases and will have an estimated value of more than $200 million when completed, says Michael Jaffe, president of the Jaffe Cos. Rreef will be a capital partner for the project.

The open-air center, which will be on an 86-acre site, is expected to open by the fall of 2008. The Arboretum of South Barrington is being developed on the site of a former tree nursery and will have different areas with themes of different types of trees, such as Oak. The former nursery was re-zoned for commercial development in 1999, but litigation kept the site unavailable until 2004. The developer presented plans to the community in the summer of 2005 and won approval from the South Barrington Village Board a year later.

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