Shopping center

Redevelopment of Bolingbrook Commons shopping center set to begin

BOLINGBROOK, IL — Bolingbrook Village Council has approved a redevelopment agreement for the redevelopment of the Bolingbrook Commons Mall on Route 53 and Highway 55.

The deal was approved at the June 28 board meeting. Redevelopment will begin in July or August, the village said.

Denny’s, Wendy’s and the liquor store will remain, and new tenants are to be determined, according to the Village.

All the facades of the existing buildings will be redone, and there will be new parking and new signs, as well as landscaping and greenery.

Other highlights of the agreement include:

  • A new Northern Tool building
  • The Hinman Company, which will develop the property, will invest at least $10 million to $12 million in the mall’s redevelopment.
  • The Village will continue to collect 2.5% sales tax (1% state tax and 1.5% council tax) on all items eligible for sales tax.
  • Hinman Company will not receive any reimbursement for eligible expenses on the first $6.5 million in sales.
  • The Village will reimburse Hinman Company for 1.25% of the 1.5% sales tax on sales over $6.5 million up to a maximum of $6 million on qualifying out-of-pocket expenses.

The mall will be “substantially” complete by the end of 2024, the Village said.