Inland Real Estate to Redevelop, Expand Joliet Commons Shopping Center
- Feb 23, 2015
Inland Real Estate Corp. recently announced plans to redevelop the Joliet Commons power shopping center in Joliet, Ill., and add both a DICK’s Sporting Goods store and a DSW Designer Shoe Warehouse at the location. According to a news release, Inland intends to build an additional, 65,000-square-foot building to house the two retailers, scheduled for completion in the fall of 2015.
“The redevelopment of Joliet Commons is an example of our commitment to continuously seek opportunities to enhance asset value by adding best-in-class retailers that promote shopping synergies and drive consumer traffic,” said Scott Carr, executive vice president and chief investment officer for Inland Real Estate Corp. “The addition of DICK’s and DSW further strengthens the center’s position as a top shopping destination within the greater Joliet regional submarket and provides long-term benefits to the surrounding community,” Carr added.
In order to make room for the two new retailers, Inland plans to redevelop a former movie theater at the location into a new building for DICK’s and DSW. The theater is scheduled for demolition in February/March 2015, with groundbreaking on the new building set for April. Following this addition, Joliet Commons will comprise 229,000 square feet of retail space. Other tenants at the center include Old Navy, PetSmart, and Famous Footwear.
Image courtesy of Inland Real Estate Corporation