Pricey lakefront home in Highland Park sells quickly
A four-bedroom home on Lake Michigan in Highland Park sold for $4.7 million after just two weeks on the market. A trust linked to late auto dealer Irwin Grossinger and his late wife, Sharon, listed the 10,500-square-foot home at 54 Oakvale Road for $5 million. The home sits on 2.4 acres and has 230 feet of private Lake Michigan beach. Coldwell Banker’s Jody Dickstein had the listing. The buyer was not yet identified. [Crain’s]
Cooper’s Hawk coming to the Gold Coast
Cooper’s Hawk Winery & restaurant is opening its first location in the city at 58 East Oak Street, where Del Frisco’s Double Eagle Steak House and Esquire Champagne Room closed in January. The historic Gold Coast building once was home to the Esquire Theater. Cooper’s Hawk has 35 locations in nine states, but all are in suburban settings. The Gold Coast location is set to open in the fall. [Eater]
Sears closing in Oak Brook
The Sears store in Oakbrook Center is closing Sunday, about seven months after it reopened after a more than year-long remodeling. The holding company that now owns Sears said it decided not to continue with the lease for the unprofitable store. After the remodeling, the 62,000-square-foot Oakbrook Center store was entirely on the lower level and about one-third the size of the original store at the mall. The closure will leave Oak Brook without a Sears for the first time in 60 years. [The Doings]
Ryan Homes wins approval for Lake Zurich townhome plan
Lake Zurich village officials approved a plan to build 40 townhomes near Illinois 22 and Old Rand Road. The Canterbury Estates development from Ryan Homes will be divided among 10 buildings. Prices will start in the high $200,000 range and are expected to average in the low- to mid-$300,000 range. The developer hopes to have all units sold within 1½ years after the model unit is built. [Daily Herald]
Stanley’s produce market closes near Lincoln Yards
A popular family-owned produce market in the shadow of the proposed Lincoln Yards project closed after five decades. The owners of Stanley’s Fresh Fruit & Vegetables last year hired CBRE to market the property at 1558 North Elston Avenue. CBRE’s Keely Polczynski said the building remains for sale, but the business has closed because the owners “saw the writing on the wall” of the impending impact from Lincoln Yards. [Crain’s]
AMC could spin off one-third of Rosemont theater complex
Movie theater chain AMC is considering closing six of its 18 screens in the Rosemont entertainment district and finding a new use for the space. The theater sits in the 200,000-square-foot Parkway Bank Park entertainment and dining district where a new 20,000-square-foot Harley-Davidson dealership is under construction and a 6,000-square-foot Pete’s Dueling Piano Bar is planned. AMC is considering “several potential end users” for the redeveloped space, Mayor Brad Stephens said. [Daily Herald]