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ECONOMIC DEVELOPMENT

with frontage to Route 120. We are hoping that we can package those 14 acres in order to interest a banquet facility, restaurant or more retail since the traffic count is great and there is already complimentary retail across the street,” he said. The former Lake County Fairgrounds property may be seeing some developer interest soon, as well, thanks to a change in thought process by the Partnership and the village board. “We shopped the 100-acre former fairgrounds to the International Council of Shopping Centers (ICSC) members because everyone here viewed it as a retail site. But the feedback we got from ICSC, combined with our own feasibility and market studies, indicate that in today’s world, no one wants that much land for retail,” Stewart said. “So now we are marketing it as one-third residential, one-third

office/medical and only the 40 acres fronting along Routes 45 and 120 will be marketed as retail space.” “We see this as a significant move and we hope that it will give us the opportunity to get development started there serving retail, office, medical and residential needs,” he added. Across the street from the former fairgrounds the new 79,000-square-foot Journey Senior Living facility is due to open this fall. It will offer 96 independent living units, 68 assisted living units and 28 memory care beds, as well as dining areas, therapy rooms, activity rooms and libraries, designed for active senior residents needing various levels of care. The facility is expected to employ 75 people. Industrial/distribution recruitment has also been proceeding well,

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2016 COMMUNITY GUIDE & BUSINESS DIRECTORY

8/1/2016 10:06:01 AM

Grayslake IL Community Profile  

The Grayslake Chamber of Commerce extends a warm welcome to everyone. The Chamber, founded in 1950, continues to be a driving force througho...

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