MOUNT PROSPECT, IL-Casto Lifestyle Properties completed a key portion of the first phase of the redevelopment of the iconic Randhurst Mall here recently, by hiring McShane Construction Co. to build a 120-unit Hampton Inn on the 100-acre property. The one-million-square-foot redevelopment, with retail, offices and a 12-screen theater, will be worth about $200 million when completed, Casto says.

When it opened in 1962, the indoor mall here was the largest in Illinois, and one of the biggest indoor air-conditioned areas in the country. A fallout shelter was constructed underneath the stores. However, the indoor section of the mall closed in 2007, though big box anchors such as Carson Prairie Scott and Home Depot remained open.

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