The Streets of Woodfield

The Streets of Woodfield is a shopping center located at I-290 and Higgins Rd. in Schaumburg, Illinois, directly across from Woodfield Mall. McCaffery Interests, a Chicago-based real estate developer, rebuilt the mall into the present-day configuration as a shopping and entertainment mall anchored by GameWorks, Dick's Sporting Goods, and the 20-screen AMC Loews Streets of Woodfield 20. The lifestyle center is known throughout the area as a prominent shopping destination.[2]

The Streets of Woodfield
LocationSchaumburg, Illinois
Address601 North Martingale Road
Opening date1991 (as One Schaumburg Place)
1997 (Streets of Woodfield)
DeveloperTucker Company
OwnerBlackstone Group
No. of stores and services20
No. of anchor tenants7
Total retail floor area589,020 square feet[1]
No. of floors2
Websitewww.shopthestreetsofwoodfield.com

History

Previously, The Streets of Woodfield was an enclosed, discount-oriented shopping mall known as One Schaumburg Place. One Schaumburg Place opened in 1991 under the development of Ken Tucker,[3] anchored by a Loews Cineplex, Montgomery Ward, Office Depot, Filene's Basement, Phar-Mor, Child World, and Highland Superstore, which later became Chernin Shoes. The mall was largely vacant throughout most of its history, particularly after Montgomery Ward closed in 1997.

McCaffery Interests purchased One Schaumburg Place in 1997 and began reconfiguring the development from a two-level indoor mall into a streetside retail development.[4] This major overhaul concluded in 2000.[5] Original plans called for The Home Depot's Expo Design Center to take over as the south anchor.[6]

The shopping mall sold to Blackstone Group in February 2015.[7]

Tenants

Major retailers of The Streets of Woodfield include Dick's Sporting Goods, LOFT, Jos. A. Bank, Christopher & Banks, Gentlemen's Quarters, Asha, Destination Maternity, Brides by Demetrios, The Olive Oil Place, Omaha Steaks, Crate & Barrel, The Joffrey Institute and Citibank.

The Streets of Woodfield is also a regional entertainment destination with such features as GameWorks, Laugh Out Loud Comedy Club, Chicago Comedy Company and Legoland Discovery Center. The AMC Loews Streets of Woodfield 20 megaplex was renamed when AMC Theatres acquired the Loews Cineplex chain and replaced the early-1990s One Schaumburg Place cinemas with this 20-screen movie theater in 2000.[8][9] In addition, a 30,000-square-foot (2,800 m2) indoor Legoland Discovery Center, the first one in the United States, opened in late July 2008.[10]

Restaurants and dining in the shopping center include Maggiano's Little Italy, Big Bowl, Shaw's Crab House, Chipotle Mexican Grill, Corner Bakery Cafe, Jamba Juice, Starbucks, Jersey Mike's Subs, Meatheads Burger & Fries, Tokio Pub, and Whole Foods Market.

Joseph Freed and Associates LLC purchased the mall in 2004.[5] Whole Foods Market and Crate & Barrel were added as outparcels in 2010, the latter relocating from Woodfield Mall. Cypress Equities Real Estate Investment Management acquired the property in 2012.

References

  1. "404". HFF.
  2. Korecki, Natasha (2001-03-09). "Streets of Woodfield: The miracle makeover". Arlington Heights Daily Herald. p. 1.
  3. HighBeam
  4. "The Streets of Woodfield - Schaumburg, IL". McCaffery Interests. Archived from the original on 2008-04-19. Retrieved 2008-08-24.
  5. Peterson, Eric (2004-01-15). "Streets of Woodfield seeks more tenants Plan includes major retailers". Arlington Heights Daily Herald.
  6. http://www.chicagobusiness.com/article/19960120/ISSUE01/10008056/real-estate-review-home-depot-unit-may-refurbish-one-schaumburg-places-image
  7. "Blackstone paying $180 million for Streets of Woodfield". Crain's Chicago Business. February 25, 2015.
  8. Clair, Chris (2000-03-30). "Loews to sell Meadows theater site". Arlington Heights Daily Herald. p. 1.
  9. "AMC Loews Streets Of Woodfield 20". Cinema Treasures. Retrieved 2008-08-24.
  10. Busk, Celeste (2008-07-26). "Legoland gives kids something they can build on; Schaumburg park is Lego's first outside Germany". Chicago Sun-Times.

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