The property surrounding a huge Woodman’s food market that opened almost two years ago in Lakemoor is starting to fill with the construction underway of three new businesses.
Framing for a Beef Buona is underway, and construction of a Starbucks coffee shop and a Chipotle restaurant is slated to begin this week.
Along with two Woodman’s branded gas stations flanking the giant store, the new ventures are the first of several planned for the 74-acre Lakemoor Commons shopping center.
The center is located to the south and west of the prominent and busy corner of routes 12 and 120. Lakemoor Commons emerged after the village designated the area as a special funding district to encourage development.
Woodman’s occupies approximately 20 of the 74 acres. An additional 20 acres are used for stormwater retention and inland roads.
âThe rest of the site is now available for commercial development,â said Matt Dabrowski, director of community and economic development for the village.
“All the public infrastructure is there,” he said. “Now it’s about getting the balance of sites sold and developed. We’re making good progress.”
The first target is what’s called Outlot 5, just around the corner. Buona is expected to open at the end of October. Starbucks and Chipotle secured building permits on Friday with openings expected in about six months, Dabrowski said.
All three will be self-contained buildings with drive-thru and alfresco dining.
The village is also in the process of issuing building permits for two multi-tenant commercial buildings, possibly in the coming weeks, Dabrowski said. The tenants have not been identified.
West of the grocery store, the village is working with Advocate Aurora Health for an emergency care facility. A request for a public hearing before the village plan commission is expected this week.
The 244,171 square foot Woodman’s opened in September 2019. Dabrowski said there was some hesitation from the retail and food service industry due to the pandemic. The village predicted that it would take five to eight years to build the property after Woodman opened.
“We are on the right track,” said village administrator David Alarcon.
Lakemoor Commons is a regional hub that caters to a large population and is expected to have many household names in the suburbs, including several other quick service restaurants.
âYou look at a lot of corporate branded establishments,â he said.
As part of the agreement with Woodman’s, Lakemoor will reimburse a portion of the annual sales tax proceeds up to a total of $ 6 million. That total includes $ 4 million from Woodman for infrastructure work, Alarcon said.
The agreement is for 20 years but may end earlier depending on the volume of sales.