In September of 2016, the Village retained a consultant team to undertake the Lake Cook Corridor Market Study and Plan. The project’s goal is to explore how the Village can best reposition the Corridor to optimize its growth potential. The end result is a realistic, comprehensive vision for the Corridor which will enhance the Village’s identity, vitality, and fiscal sustainability. The Lake Cook Corridor Market Study and Plan is important project that will implement a key action step from the Village’s approved 2016 Economic Development Strategic Plan. The project team is lead by international design firm, Hellmuth, Obata & Kassabaum, Inc. (HOK) and also includes Jones Lang LaSalle (market analysis), KLOA (transportation), SpaceCo (civil engineering and environmental) and Images, (community outreach). The plan will include various community outreach activities and is scheduled to be complete by the end of 2017.
Lake Cook Corridor
The Lake Cook Corridor expands over 472 acres (0.74 square miles) and includes properties from Arlington Heights Road to just west of Weiland Road and from Old Checker Road to just south of Lake Cook Road.
The Lake Cook Corridor represents a gateway into the Village, as it connects local streets to a larger regional network of expressways, highways, and roads. With more than 40,000 vehicles traveling on the Lake Cook Road per day, this is one of the most utilized county roads in the region. The Corridor has over one million square feet of commercial space, as well as residential developments, the Village campus, and a municipal golf course.
The one millions square feet of commercial space within the corridor is generally concentrated in retail centers and office complexes. The largest retail center, Town Center, anchors the east side of the Corridor with more than 194,000 square feet of retail space. Its tenants currently include Buffalo Grove Theatre, Brunswick Bowling and Giordano’s. Chase Plaza is located on the west side of the Corridor and offers over 93,000 square feet of retail space. This plaza was formerly anchored by Dominick’s grocery store, and is now largely vacant and suited for a strong anchor tenant or redevelopment. Complementing these two larger centers are smaller commercial centers and businesses such as Wyndham Garden Hotel, Jewel-Osco, Deerfield Bakery, Culver’s, Lou Malnati’s, as well as the new upscale restaurant, Countyline Tavern. The Corridor also has a base of healthcare users including Northshore Medical Group, Northwest Community Healthcare Immediate Care Center, as well as other medical specialist offices and rehabilitation care. Most of the healthcare users are located the Corridor’s office developments. These developments offer over 570,000 square feet of office space in low to mid-rise facilities which were built in the late 1980s. Other properties in the Corridor include St. Mary’s Church, school, and cemetery as well as several residential developments such as Manchester Greens, Lexington Glen, Woodstone, Turnberry, and Claremont (an assisted living facility).
Project Approach and Process
The Lake Cook Corridor Market Study and Plan will be comprehensive in scope and focus on land use and development concepts as well as accessibility and connectivity, general design and place-making, economic development, market and fiscal analysis, environmental and storm water analysis and wayfinding. The Lake Cook Corridor Market Study and Plan will be developed over five stages as shown below. After the project kick-off, the project will enter into Stage 2, Existing Conditions/Market Assessment. During this stage the project team will collecting and assess market, traffic, real estate, land use, stormwater, and public engagement data and information to understand the existing dynamics in the corridor. Stage 3 will then draw upon the existing analysis information and creatie various development scenarios and aimed to improve the Village’s identity, vitality, and economic and fiscal sustainability. The final two stages will concentrate on finalizing the vision and developing strategies to achieve that vision. The end result will be plan for the Corridor that is comprehensive, grounded in market realities, and achievable. A diverse representation of stakeholders with various backgrounds and expertise will be serving as the project’s steering committee, called the Corridor Planning Group (CPG). (Link to CPG members) These include business owners, residents, property owners, and other community leaders. The CPG will help guide the project as well as communicate project objectives, updates, and public input opportunities to the community at large.