DeKALB – Instead of an old Lukulos sign, it soon could be a Baskin Robbins/Dunkin’ Donuts sign that greets drivers at the corner of Annie Glidden Road and Lincoln Highway.
Developer Steven Schwartz of Pearl Street Realty is requesting a seven-year, 50/50 sales tax rebate from the city to renovate the building at 1101 W. Lincoln Highway so it can accommodate two retail spaces, one of which would include a drive-thru lane.
The DeKalb City Council is expected to discuss the proposal at its Committee of the Whole meeting Monday.
City Manager Mark Biernacki said the rebate would apply only if the retail spaces were used for restaurants and up to $62,500 for seven years a renter.
“Right now, the one user the developer has indicated to us is a Baskin Robbins/Dunkin’ Donuts. The other half of the building, he has not identified a user,” Biernacki said.
However, in city documents provided to the Daily Chronicle, Schwartz is anticipating “other national general retail, quick service or fast casual type users” to use the other half of the building.
Schwartz has projected that the retail space would produce $2.5 million in annual sales for the city.
City officials believe the renovation of the building will be a boon for the city as visitors enter DeKalb from Lincoln Highway and Interstate 88.
“There is no question that the building and property modifications proposed are long overdue and will greatly enhance the gateway entrance to the city of DeKalb and NIU,” reads a memo addressed to the City Council from the city staff.