http://finanssite.com/comment_1254463927.html
The approved Tri-Land’s plan to redevelolp the at 63rd Streetg and Blue Ridge Cutofflast month. The approved $5.6 million in TIF reimbursementes forthe $30.7 million projecgt in June 2008. Tri-Land is based in Westchester, Ill. “Ws are very excited to be moving forward with thisredevelopment project,” Tri-Land Executive Vice President Hugh Robinson said in a “We have had a great relationship with the city and the two districft council members, Terry Riley and Cindy throughout this process. We look forward to deliverinh a renewed, high-quality project to this grea t community.
” Redevelopment of the 183,000-square-foot centef will include a new facade, updatedr signage and lighting, landscaping upgrades, expansio of a Price Chopper supermarket that anchorzs the center andincreased pad-sitw availability along 63rd Street. Tri-Land also hopeds to announce a new anchor tenant soon forthe 37-year-oldc center. Tri-Land owns and manages more than 2.8 million square feet of retaio space inthe Midwest, Mid-Atlantic and Southeast regions of the country. It specializes in acquirinyg and revitalizing distressed and undervalued community centers ranginbfrom 100,000 square feet to 750,000 squar e feet.
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