Chicago Cheat Sheet: Developer David Trandel said he’s fixing One Winnetka problems

Also, Elk Grove Technology Park poised to get a hotel on site

Jul.July 22, 2019 05:00 PM
One Winnetka rendering and developer David Trandel

One Winnetka rendering and developer David Trandel

After lawsuit, crews reportedly working to address One Winnetka complaints
Developer David Trandel said he is working to address complaints by the village of Winnetka about the condition of his $98 million One Winnetka project site. The village earlier this month filed suit against Trandel, saying vacant buildings on the site have become nuisances. But Trandel said his crews now are cleaning up the black mold, garbage and other hazards in the buildings, which are set to be torn down to make way for the project. The development, which is set to break ground next year, would include 36 apartments, 15 condominiums, seven townhomes and 30,000 square feet of commercial space. [Winnetka Talk]

Hotel planned in Elk Grove Technology Park
A developer plans to build an 85-key hotel in the Elk Grove Technology Park to serve clients, vendors and visitors to the sprawling industrial complex in Elk Grove Village. The $10 million hotel would be built on 1.7 acres on the northwest corner of the 85-acre park. Schaumburg-based EquityRoots hopes to close on the purchase of the property from tech park developer Brennan Investment Group by the end of the year and to win village officials’ endorsement of a tax assessment reduction on the property for 12 years. [Daily Herald]

Invenergy CEO Polsky sells Michigan Avenue condo
Energy executive and philanthropist Michael Polsky sold a Michigan Avenue condo that he never lived in. The CEO of Chicago-based Invenergy bought the 26th-floor unit in the Metropolitan Tower at 310 South Michigan Avenue as raw space in 2008 for $2.3 million. He built out a three-bedroom, four-bathroom condo that he sold last week for $3.3 million. Chezi Rafaeli of Coldwell Banker had the listing. Gary Lucido of Lucid Realty represented the buyer, who was not identified in public records and who Lucido declined to identify. [Crain’s]

Plans for industrial complex at Homewood country club rile village
The owners of a country club in south suburban Homewood are looking to deannex the property from the village, whose officials oppose a developer’s plan to build an industrial complex on the property. Arizona-based Diversified Partners is in talks to buy the Calumet Country Club at 175th Street and Dixie Highway and has proposed a number of different possible development scenarios. Now the firm is saying it wants to build more than 500,000 square feet of warehouse space on the land, which village official oppose. That’s led the club’s investors to seek deannexation in hopes of winning approval for the plan from nearby Hazel Crest. [Daily Southtown]

Butterburger fans rejoice: Chicago getting another Culver’s
Culver’s is continuing its push into Chicago with plans for a location in a new building at 1819 West Montrose Avenue. It would be the third location in the city for the Wisconsin-based burger chain. No construction timeline has been set for the restaurant, which will go on the ground floor of Cedar Street Companies’ “The Henry” apartment building. [Block Club]

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