Do the job starts on new Ogden Avenue buying middle in Naperville with ‘high-profile grocer’

Before this calendar year, Naperville Mayor Steve Chirico indicated a new grocery idea could be tied to the redevelopment of a extensive-vacant East Ogden Avenue residence.

That program is shifting ahead in the variety of a $19 million shopping middle aimed at revitalizing the corridor and respiratory lifetime into the former Honest Oaks Ford dealership website, the progress team declared past 7 days.

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

 

Thompson Thrift Retail Group has obtained the 4.2-acre parcel and started design on a 46,000-sq.-foot advancement to substitute the recently razed dealership at the North Naper Boulevard intersection, in accordance to the Indianapolis-based mostly company.

Immediately after sitting dormant for about 8 years, the web-site at 1351 E. Ogden Ave. is slated for an “undisclosed nationally acknowledged enterprise” that Thompson Thrift describes on its site as a “superior-profile grocer.” An opening is targeted for late 2021, builders reported.

The 35,000-square-foot anchor retail outlet is envisioned to be accompanied by around 11,000 sq. ft of retail house, according to a challenge web site program.

“Our team’s track record for execution and excellence permitted us to get a important assets with a signed anchor tenant that will be properly-acquired by the local community,” Vice President of Growth Ryan Menard stated in a statement.

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The redevelopment of the Fair Oaks web site was among the East Ogden assignments highlighted by Chirico through his State of the Town handle in May well, in which he encouraged responsible progress that generates employment and boosts the city’s tax base. Also serving to to revive the corridor are ideas to open up Naperville’s second Costco warehouse at the nearby Ogden Shopping mall property, earlier home to a Kmart that shut in 2013.

Other the latest additions in the space include things like the to start with U.S. area of the Guzman y Gomez restaurant, a new Culver’s and an early understanding middle, moreover nationwide chains these as Andy’s Custard and Starbucks.

Redeveloping the previous Honest Oaks Ford is Thompson Thrift’s initial challenge in Naperville, which has “potent fundamentals” in regions of work, instruction, protection and high-quality of lifestyle, Menard explained.

Located between two intensely traveled roadways, the “gateway parcel” has been eyed by prospective developers for several years, Naperville Growth Partnership President Christine Jeffries claimed in a assertion.

“We are happy that Thompson Thrift will be shifting ahead with their options and will increase yet another connection to our initiatives to revive small business expansion together Ogden Avenue.”