Schaumburg has pledged $47 million in public funding for The District at Veridian, clearing the way for construction to begin on the $185 million, 30-acre mixed-use development on the former Motorola campus.
Officials anticipate a summer groundbreaking for the first Midwest location of Andretti Indoor Karting & Games and a six-level public parking deck that would anchor the first phase of an entertainment district around the Schaumburg Convention Center and Renaissance Hotel.
The high-end Sam & Harry's steakhouse, which closed at Schaumburg's Renaissance Hotel adjoining the convention center at the start of the pandemic, is transitioning to the Midwest-inspired Schaumburg Public House restaurant. Though already open under its new concept, the restaurant is awaiting the arrival of new furniture and signs before its official ribbon-cutting within the next several weeks.
Schaumburg trustees Tuesday will consider adding $963,258 worth of work to the first phase of the 12-acre 90 North Park expected to open to the public this summer. The park lies in the heart of the Veridian development just north of the tollway at the southwest corner of Algonquin and Meacham roads.
The sports-themed restaurant Sports & Social will be the entertainment anchor for The District at Veridian, part of the redevelopment of the former Motorola Solutions campus in Schaumburg, developers announced Thursday.
The “Your Hometown” series kicks-off with a spotlight on Schaumburg. Jon Hansen spends the day there and stops by locations including the Village Tavern and Grill, Prairie Center for the Arts Sculpture Garden, Pac Man Entertainment, and Wintrust Field, home of the Schaumburg Boomers.
The Boler Company enlisted Antunovich Associates to complete the architectural and interior design of a four-acre site located with the boundaries of the Veridian Master Plan in Schaumburg, Illinois. Boler’s new headquarters includes an eight-story 180,000 SF office development with a parking garage. Phases two and three will consist of two additional office developments totaling 270,000 SF for future corporate office users on the site.
The Village of Schaumburg is pleased to announce it has placed third in the 2020 Digital Cities Survey, which recognized cities using technology to tackle social challenges, enhance cybersecurity, improve transparency and much more. Schaumburg is the only Illinois community ranked in the top 10 of its population category.
The village of Schaumburg has been named Municipality of the Year by RE Journals for its development activity and efforts of its Economic Development Department to make Schaumburg a development-friendly place to do business.
The completion of a 260-unit apartment building and the reopening of the Topgolf entertainment venue next door are the most visible signs of progress this unusual summer at the 225-acre Veridian Development, on the former Motorola Solutions campus in Schaumburg. Coming soon are the completion of the Boler Co.'s new eight-story headquarters and the new north-south Parkside Drive, as well as the start of work on a 12-acre urban-style park and 260 row houses on 20 acres along Algonquin Road.
Comcast will bring its advanced network infrastructure to Veridian, a 225-acre mixed-use development at the former Motorola campus in Schaumburg, IL. Comcast will offer Internet speeds of up to 100 gigabits per second to businesses located in the development, along with consumer and commercial services and smart technologies.
A Schaumburg small business grant program, a proposal for a new 370-unit apartment building and plans for future road improvements were among the news Tuesday at the village's midyear economic update.
Though many businesses are being hard hit by social restrictions triggered by the COVID-19 outbreak, real estate and development investors in Hoffman Estates and Schaumburg this week were still planning for a more normal economy a couple of years in the future.
A pedestrian bridge over Meacham Road between Thoreau Drive and Progress Parkway in Schaumburg is now officially part of the village's plan to unite major economic redevelopment projects along the thoroughfare.
Despite everything you've heard about the quest for talent and cachet in the city, more companies are opting for the wide-open spaces—and lower price points—to be found far from the Loop.
The Village of Schaumburg Economic Development Department held a Commercial Broker Tour on Tuesday, October 22nd. The Village took advantage of this unique opportunity to highlight the impressive 90 North District developments and forthcoming leasing opportunities to a dynamic group of over 50 commercial real estate brokers, site selectors, and community partners. During the meet and greet Village President Tom Dailly took the opportunity to welcome everyone and express how pleased he is with the evolution of 90 North District. Village President Dailly added that he is asked on a regular basis when Topgolf will open its doors, and he is excited to help them celebrate their opening in November. Matt Frank, Director of Economic Development, discussed the formation of 90 North Tax Increment Financing (TIF) district and its role as a catalyst for redevelopment. Transportation partners, PACE and Lyft spoke about the importance of integrating public transportation and ride share programs when creating vibrant live, work, play, mixed-use developments. The attendees then visited sites within the 90 North District and Veridian and were treated to a private tour of Topgolf. The event concluded with a networking reception at Chicago Prime Steakhouse, compliments of Schaumburg Bank & Trust Company N.A., a Wintrust Community Bank. To find out more about the sites visited, see our tour map below or go to 90northschaumburg.com
Developer D.R. Horton Inc.'s proposal for a 260-unit row house development along Algonquin Road on 20 of the 225 acres master developer UrbanStreet Group is calling the Veridian development.
The more urban look taking shape throughout the former Motorola Solutions campus in Schaumburg allowed the site to serve Thursday as a filming location for the NBC television series "Chicago Fire.
A Houston-based developer wants to tear down the vacant Discovery Office Center across from the former Motorola Solutions campus in Schaumburg and replace it with a four-story, 373-unit apartment building. Schaumburg village staff members have recommended approval of the plan.
The vision and business-intelligence of Schaumburg Village officials, and continued hotel development contribute to Schaumburg's optimal location.
Take advantage of the opportunity, and be a part of this developing center for Midwest commerce.