New Retail Center Approved in Lake Zurich

Developer Core Equities has gotten good news lately. Its plan to build two new retail buildings received Lake Zurich’s approval and has more retailers interested in the property.

“There’s good news, we got some more interest in the second building in the last 30 days,” said Adam Firsel, of Core Equities at a recent Board of Trustees meeting.

“We can’t announce tenants yet, but we are getting closer.”

The property has been vacant for eight to 10 years and had not been marketable because it does not have full access to Route 12 or Route 22. Core Equities, however, doesn’t think that is a problem and has an option on the land.

Firsel came before the board earlier this summer with its plans. Those plans went through a formal review by the LZ Plan Commission. The Plan Commission made recommendations to change a few things like signage and landscaping, he said.

Core Equities had been negotiating with a national chain store that sells vitamins and a national mattress chain store to occupy the southern building. Now, the company has retailers interested in the second building.