BOLINGBROOK, ILL. — Podolsky Northstar CORFAC International and Peak Development have partnered to develop a mixed-use project on a 21-acre site located at Falcon Ridge Way and Janes Avenue in Bolingbrook. The project, named Promenade Place, will be constructed southwest of Promenade Bolingbrook, which is another mixed-use development that opened an approximately 1 million-square-foot retail component in 2007. Although designs are still being completed for Promenade Place, initial plans call for as many as three multi-story office structures and two residential buildings, with various business and lifestyle amenities. Promenade Place could house up to 170,000 square feet of conventional office space and 30,000 square feet of medical office space. Construction of the first phase of the multifamily component is scheduled to commence this year. The office component will be marketed for a corporate build-to-suit.
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