Glenstar given green light to build sports mega-complex in Lincolnshire

The 450K sf indoor development will include a field house, water park and climbing gym

TRD CHICAGO /
Aug.August 29, 2018 11:21 AM

Glenstar’s Rand Diamond (purple) and Michael Klein (blue), St. James CEO Kendrick Ashton (green), and a rendering of the complex (Credit: thestjames, colonialwilliamsburg, and Glenstar)

Glenstar Properties will build a massive sports and entertainment complex in Lincolnshire, after village officials voted to approve the massive project.

The Chicago-based developer will construct The St. James, a 450,000-square-foot facility on 43 acres, according to the Daily Herald. The complex will be operated by St. James, a Virginia-based company.

The sprawling entertainment center will include sa FIFA soccer regulation field house, two ice hockey rinks and a water park. The property is at the intersection of Interstate 94 and Half Day Road, about 30 miles north of downtown Chicago, The site was previously home to the medical supply manufacturer Medline.

The complex will also have an Olympic-size pool, a 50,000-square-foot fitness center and a 25,000-square-foot “active entertainment center” with ziplines and rock climbing. GlenStar had also proposed a Topgolf driving range, but village leaders vetoed that plan.

Glenstar owns the Chicago Board of Trade building at 141 West Jackson Boulevard and the office towers at 55 and 65 East Monroe Street, as well as a dozen other properties around Illinois and two in Texas.

Earlier this month, Rubenstein Partners paid $121.5 million to buy into Glenstar’s Continential Office Towers complex in Rolling Meadows, which Glenstar bought in 2013 for $58.5 million before spending $30 million on renovations.

The developer sued the city in March after Alderman Anthony Napolitano (41st) changed his mind at the 11th-hour. He moved to block a rezoning that would have allowed the company to build 299 apartments on a property it owns next to the CTA Cumberland Blue Line station. The project remains up in the air, and the lawsuit is pending. [The Daily Herald] — Alex Nitkin

 

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