SYCAMORE – The demolition and reconstruction of a prominent property along DeKalb Avenue will be underway soon.
The Shorewood Development Group plans to buy the .88-acre site on the northeast corner of Route 23 and Gateway Drive to build a commercial center, which will house medical offices, an immediate medical care facility and a potential retailer.
The Sycamore City Council unanimously approved a variance request from the Buffalo Grove-based development group Monday to alter the setback requirements of the city’s Unified Development Ordinance for the 10,200-square-foot building and parking lot.
With the council’s approval, the Shorewood Group should be able to begin razing the building at 2492 Gateway Drive by the end of the month, said City Manager Brian Gregory.
The entire $3.2 million project is funded by the Shorewood Group.
Mayor Ken Mundy said he is excited to see new development at the longtime vacant site, which has been home to former restaurants including Za Za’s, and most recently Kish Corner Family Restaurant.
“There’s some work that needs to be done in that corner,” Mundy said. “We’re always surprised when something doesn’t work there and we think it will.”
The commercial center will feature three suites that will face DeKalb Avenue and have DeKalb Avenue addresses. The Shorewood Group already has a tenant lined up for 4,500-square-feet and is in negotiations with another prospective tenant.
Although the site’s previous occupants have struggled, Mundy said he has high hopes for this new development.
“That’s a particularly busy area,” he said. “That whole area has become a medical corridor so we anticipate good things.”
Alp Haciosmanoglu of the Shorewood Group said the company specializes in commercial and retail developments. The group has two other projects in the works in Countryside and Schaumburg, and they anticipate a total of five projects by the end of the year, he said.
This will be the Shorewood Group’s first project in the Sycamore area.