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Von Maur to Anchor Bridge Street Town Centre

JOLIET, IL-The $1 billion mixed-use development will have nearly four million sf of retail, restaurant, residential, office and hotel space.

By Gina Kenny | Updated on July 29, 2008

JOLIET, IL-Von Maur has signed a letter of intent to anchor the Bridge Street Town Centre development. O&S Holdings LLC, based in Santa Monica, CA, and Strategic Retail Development, based in Hollywood, FL, are developing the $1 billion mixed-use development here . The 314-acre development will be at the intersection of Interstate 55, Interstate 80 and Route 59.

Von Maur agreed to a long-term lease for 150,000 sf, says Gary Safady, managing partner of O&S Holdings. “There is no other site that can offer them the traffic, visibility and exposure that the (Interstates) 55 and 80 can.,” Safady says. “It is a super regional site.”

The retailer will have a two-story department store, which will be its seventh in the state. Von Maur currently has 22 locations in the Midwest with locations expected to open in the fall in both Dayton, OH and Overland Park, KS. “As one of the fastest-growing cities in the country, Joliet – and the entire south suburban Chicago area – represents an area of significant opportunity for us,” Von Maur president Jim von Maur said in a statement.

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