Center in Lombard. It also operates four full-line stores, including the flagship Nordstrom’s on Michigan Avenue in Chicago.
The Vernon Hills store will be 30,000 square feet and is the first of more expected anchors, joining Whole Foods and a “variety of best in class restaurants and retailers” at Mellody Farm.
“I think what you’re going to see happening now is all the leases they were working on will start falling into place pretty quickly,” Mayor Roger Byrne said.
Assistant Village Manager Joe Carey said Nordstom Rack will be a good addition to the vast retail menu in town.
“It’s not something we have,” he said.
As part of a $20 million incentive, the village is requiring proof at least half the 272,242-square-foot center is leased — as well as 18 other conditions — before borrowing funds to pay Regency upfront.
“We should have two more anchors in three to four weeks, tops,” Hendy said. “I’m waiting for the signed leases to come back.”
Regency has a contract to buy the 50-acre property from the Cuneo Trust and will close within 60 days, Hendy said. In turn, a portion of the property will be sold to Focus Acquisitions LLC to build 260 luxury apartments.
Mellody Farm, across Milwaukee Avenue from the Hawthorn regional shopping center, has been described as having an urban feel unlike typical suburban shopping areas.
“The purpose of this center is when people come to Mellody Farm, they’re going to get an experience,” Hendy said. “It’s a different type of place, hopefully more fun than sitting on your couch and buying online.”
To that end, the company will launch a branding campaign for Mellody Farm.
A fall 2018 opening is planned.
