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Bond, MDC Begin Work on $64M Retail Center

NAPERVILLE, IL-The 270,000-sf Springbrook Prairie Pavilion, being developed by Bond Cos. and MDC Properties, is more than 60% preleased.

By Gina Kenny | Updated on October 11, 2007

NAPERVILLE, IL-Construction has begun on the 270,000-sf Springbrook Prairie Pavilion, at 75th Street & Fort Hill Dr. The retail center is being developed by Bond Cos., with offices in Chicago and Los Angeles, and Hinsdale, IL-based MDC Properties. The estimated cost of the project is approximately $64 million, says Rob Bond, president of Bond Cos.

The development is being constructed on a 27-acre parcel at the northwest corner of 75th Street and Fort Hill Drive. Bond Cos. had been looking in Naperville for a suitable location for Whole Foods, which was the first anchor the developer secured and will lease 50,043 sf at the retail center, Bond says. “We had to find them a key location which gave them proper positioning with their Wheaton store,” he says. Bond Cos. liked the location because it is near Route 59, Interstate 355 and Ogden Avenue.

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