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Real estate experts to suggest options for Mundeleins Townline corridor

Institute members will examine the corridor in early April and recommend redevelopment options, village documents indicate. The study could involve real estate brokers, developers, engineers, traffic experts and other professionals.

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  Many of the storefronts in the Oak Creek Plaza on Route 60 in Mundelein are vacant

Village officials have commissioned a study concerning redevelopment in the area. Paul Valade | Staff Photographer
  •   Mundelein officials have hired a group of real estate experts to come up with redevelopment options for the stretch of Townline Road that runs through town

    It's mostly a commercial corridor. Paul Valade | Staff Photographer
  •   Once a thriving shopping center, Mundelein's Oak Creek Plaza now stands mostly vacant. Paul Valade | Staff Photographer
  • This Panera Bread restaurant opened in 2017 near the northeast corner of route 45 and 60 in Mundelein

    Officials want to attract more businesses to the Route 60 corridor and are hiring a nonprofit group of experts to help develop ideas. Courtesy of Mundelein 2017   Russell Lissau Follow @rlissau !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);;js.src=p+'://';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');     A team of real estate experts will help Mundelein officials identify redevelopment strategies for the town's south-side commercial corridor. The Urban Land Institute has agreed to conduct a study of the businesses -- and business opportunities -- along Mundelein's portion of Townline Road, also known as Route 60

    The work, approved by the village board Monday night, will cost the village $20,000. related advertisement dhGlobalObj.showAd( { 'slug':'Billboard2' } ); PDF File Urban Land Inst

    documents   Based in Washington, D.C., the institute is a nonprofit network of real estate and land use professionals

    It develops land use policies aimed at "creating and sustaining thriving communities," according to its website. In the Chicago suburbs, the group has studied Gurnee's East Grand Avenue corridor and a stretch of Irving Park Road in Hanover Park. Mundelein Mayor Steve Lentz is eager for the institute to tackle the Townline corridor. "The Urban Land Institute will bring a fresh set of objective and unbiased experts to help (create a vision for) that corridor," Lentz said

    "The challenges there are great, and I very much look forward to their input and conclusions." Mundelein's portion of Townline Road runs between Butterfield Road and the merged Route 60/83

    It includes several shopping centers, most notably Townline Square on the northeast corner of routes 45 and 60. The mostly vacant Oak Creek Plaza, which long has been in limbo because of the former owner's bankruptcy and foreclosure, is in the corridor, too, near the southeast corner of routes 45 and 60. dhGlobalObj.showArticleBodyAd( 1 ); "Oak Creek Plaza has been the single most frustrating parcel in town to work with in the village," Mundelein Trustee Ray Semple said

    "My fingers are crossed to finally see some action on that site, which can be a catalyst for the whole area." The corridor has seen some redevelopment, including the renovation of Townline Square, the addition of Pita Inn and Panera Bread restaurants, and the construction of a CVS pharmacy. But a more robust redevelopment of the corridor has been stymied by what Village Administrator John Lobaito called a "lack of realistic participation from existing stakeholders." Village officials applied for the institute to study the corridor last fall

    The group doesn't accept every request. Institute members will examine the corridor in early April and recommend redevelopment options, village documents indicate

    The study could involve real estate brokers, developers, engineers, traffic experts and other professionals. #article_video {width:100%;margin:25px 0;max-width:576px;overflow:hidden;} try { _402_Show(); } catch(e) {} Related Article Business park proposed for Mundelein's south side   Related Article Townhouses proposed for unfinished development on Mundelein's south side   Related Article Mundelein approves development deal for $30 million nursing home   Related Article Panera to replace Mundelein's vacant Pizza Hut   Tweet !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);;js.src=p+'://';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');
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