Retail surge: New stores coming to Naperville

More shopportunities are headed for downtown Naperville soon.

Work is finishing up on the Main Street Promenade East project, northeast of Main Street and Van Buren Avenue. When the $30 million development is completed, some 54,000 square feet of new commercial space will be open for business, more than half of it comprised of street-level retail settings.

“Things are going well,” Ruth Yackley, co-owner of development entity LFP Holdings LLC, said this week. “Our stores are building out and all (will be) opening as each one finishes.”

The first of them, Yackley said, will most likely be Davids Tea and Evereve, launching around the second week of August. Evereve is the recently announced new name for the Hot Mama women’s apparel chain, which is based in Minnesota and has operated a location on Van Buren one block west of the Promenade East project since 2009.

Store openings to follow in the coming weeks will include J. Crew in mid-September and Anthropologie, in early October, Yackley said.

“We have two spaces that we’re currently negotiating on,” one of them larger and the other relatively small, she added.

The second level of the Promenade East building will include 23,000 square feet of leased offices, a significant portion of which will be used for a Regus Business Center, offering rented office space. About 5,000 square feet of the upper floor remains yet to be leased, Yackley said.

Also in process is street work just northwest of the project that has closed the intersection of Benton Avenue and Main this week. A water main is being installed below the pavement to serve the Promenade addition, and the work is expected to wrap up by the end of the week.

Katie Wood expects that the new retail entities will enrich the commercial landscape in the city’s inner shopping district.

“We are overjoyed with the expansion of the Main Street Promenade East project and the great assortment of retailers it will bring to downtown Naperville,” said Wood, executive director of the Downtown Naperville Alliance, in an email. “Our downtown has an enviable blend of popular destination retailers combined with our strong small business community. This blend — of small and large retailers — strengthens people’s desire to shop and dine in our downtown.”

Once the development has been finished, Yackley said her company will turn its attention to an addition planned for vacant land on the north side of the original Main Street Promenade building, on the west side of Main.

City officials have been pleased with the progress at Promenade East, which was part of a public-private partnership established in 2007 to create new retail and office space wrapped around the nearly 800-space Van Buren parking deck. The accord cleared the way for certain components to be shared by the building’s owners and the city, including stairways and an elevator installed on the Main Street side of the new structure.

Tags:

0 Comments




Modal