Mixed-Use

ANDERSON, IND. — Indianapolis-based firms Sitehawk Retail Real Estate and Resource Commercial Real Estate have joined together to market Madison Commons, a proposed 100-acre mixed-use development located near the intersection of Interstate 69 and Scatterfield Road in Anderson. Scott Gray of Sitehawk will lead marketing efforts for retail users, while Ross Reller of Resource will market the site to non-retail users. Components of Madison Commons could include retail, education, healthcare and professional office. The project features I-69 frontage, and a proposal has been submitted to construct a new road through the project that would connect to an existing casino and racetrack at Hoosier Park. The project is being developed by Paul Nicholson and Jim Singleton. Construction plans have not been released.

FLOSSMOOR, ILL. — Rosemont, Ill.-based McShane Construction Co. has been selected to build a new mixed-use project in Flossmoor. The project consists of a single-story, 15,116-square-foot building located on 1.79 acres at 19801 Governors Highway. The building will contain retail, medical office and professional office space. Groundbreaking is expected to occur this spring, with completion scheduled for December. The project is being developed by Alliance Real Estate, with architectural services being provided by KLLM Architects. Drs. Kung and Labana have already signed on to open a 6,000-square-foot medical practice in the building upon completion. The project is located near several hospitals, including St. James Hospital, Ingalls Memorial Hospital and Advocate South Suburban.

SIDNEY, OHIO — Echo Development Corp. has announced plans to develop a 16-acre business park adjacent to Vandemark Road near Interstate 75 in Sidney. Known as Echo Business Center, the park will contain space for retail, restaurant, professional office and medical office tenants. Plans are currently being finalized for the first tenant at the park, which will construct a 4,200-square-foot retail building that will break ground this spring. Industrial Property Brokers is handling marketing for Echo Business Center.

GRAYSLAKE, ILL. — Skokie, Ill.-based Alter Group has released the final general development plan for Cornerstone, a 650-acre master-planned project that is slated for development in Grayslake. Plans call for approximately 3 million square feet of light industrial, research and development, and office space; 500,000 square feet of retail and entertainment space; and a unique residential component. Cornerstone will be constructed in multiple phases over a 12-year period. Infrastructure work, including utility extensions and road enhancements, will be undertaken in cooperation with the Village of Grayslake. A public hearing for the project is anticipated to take place in the next few months.