While Cushman & Wakefield brokers representing current ownership caution that no contract is in place and pens are not close to hitting paper, DiMucci Cos. vice president Tom Naemira tells GlobeSt.com the town is in negotiations on acquiring the property. His company would then be lead developer, he adds, which he believes could happen this spring.
However, a Cushman & Wakefield spokesperson tells GlobeSt.com, "Right now, they [DiMucci] are not even in negotiations with anybody."
Meanwhile, the DiMucci Cos. has begun the 175,000-sf third phase of Cicero Marketplace on Cicero Ave. between 26th and 31st streets. Sam's Warehouse Club, Home Depot, Target, Office Max and Harris Bank were built in the first two phases, which total 625,000 sf.
A town notorious for corruption since the days of Al Capone, Cicero's previous town president, Betty Loren-Maltese, has begun an eight-year prison sentence in Dublin, CA, for her part in a scheme that siphoned off millions in health insurance premiums.
"Ramirez Gonzalez deserves much of the credit for this concept," says company president Anthony DiMucci of the current town president. "He is clearly determined to reshape Cicero as a thriving community with an abundance of economic and employment opportunities for all its residents and bring convention and entertainment facilities to the citizens."
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