[IMGCAP(1)]ALGONQUIN, IL-Mid-America Development Partners is planning to start construction this fall on the second phase of Algonquin Galleria. The outdoor shopping mall is expected to have at least 310,000 sf of retail when it’s completed.

Adam Firsel, development manager and finance director for Oak Brook-based Mid-America Development Partners, says the development cost is estimated at $35 million. The second phase will add 35,000 sf of retail, two restaurant pads and a furniture store to the center, which is under construction at the southeast corner of Randall and County Line roads. Construction is slated to be completed in spring 2009.

Algonquin Galleria is located across the street from the 600,000-sf Algonquin Commons. “It is a very strategic location along the Randall Road Corridor, across the street from Algonquin Commons, which is a very successful lifestyle center,” Firsel says. “We identified this intersection as prime retail real estate.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.