Publisher's Opinion-

July 2017 Edition
Renovating For The Future!

There are many rehab projects happening in the Chicago and suburban markets as property owners work toward rejuvenating their assets. Big projects like the redevelopment of the lower floors of the Willis Tower, the Old Post Office redevelopment, or the newly renovated Riverwalk have dominated the news.
We have focused in this issue on a couple of important projects presently underway or recently finished in the Chicago downtown market. The detail that goes into any project is certainly interesting and we hope you enjoy these articles.
Outside of the Chicago market in the suburban market are communities creating some amazing projects as well.
The City of Naperville recently finished its Water Street District. The area included a mix of retail shops, restaurants, a 158-room upscale, urban boutique hotel with luxury amenities, class A office space, as well as a 520-space parking garage. This beautiful project was featured in our February 2017 edition. Water Street was developed by Marquette Companies and adds a vibrant addition to an already exciting community.
In another community, The City of Batavia is working on its own plans to rejuvenate a section of its downtown area. The project calls for the demolition of three aging office buildings and a church. Batavia recently purchased an obsolete factory for $1.25- million, bringing the investment of property up to $43- million. In their place, Geneva-based developer, Shodeen Group will construct a six-story multi-use building covering a two-block area in Bataviaís downtown market. When completed, this structure will consist of 186 new residential units, 15,000 square feet of commercial space, and adds 350-public parking spaces making the downtown even more of a visitorís destination.
The redevelopment of these communities help keep them viable to visitors and residents for years to come.
We are now working on our August Building Green/Property Management issue. We will see you then.
by Roger Krieg
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