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$200M Bolingbrook Ready for Next Phases

BOLINGBROOK, IL-Two hotels, LA Fitness and a 600,000-sf power center are also planned as part of the Bolingbrook Promenade development.

By Gina Kenny | Updated on May 31, 2007

BOLINGBROOK, IL-Forest City Enterprises recently completed a major phase of its open-air, mixed-use Promenade Bolingbrook here, but work is far from over on the $200-million project. The Cleveland-based developer is now in the process of adding a 46,000-sf LA Fitness, two hotels and a 600,000-sf power center to the site at Interstate 355 south of Boughton Road.

So far a 736,000-sf town center, anchored by Macy’s and Bass Pro Shops, as well as 40,000 sf of offices and a 333,000-sf Ikea store have opened their doors. Excluding the anchors, the shopping center is about 82% leased and, including the anchors, the center is currently close to 90% occupied, says Valerie Westley, development director for Forest City. The LA Fitness is set for a late fall opening.

Westley says she could not disclose yet which hotels will be constructed. There is a signed contract, with due diligence being conducted, for a hotel “geared towards business travelers” with 150 rooms. Construction is expected to begin on that hotel in the late fall and is expected to take about eight months to complete. Forest City is in negotiations with a second hotel that will have about 150 rooms and a conference center, she adds.

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