Redevelopment begins at Stratford Square Mall

9/16/2014

Northbrook, lll. -- StreetMac LLC and an affiliate of Five Mile Capital Partners LLC announced redevelopment plans for the 1.3 million-sq.-ft. Stratford Square Mall, located in Bloomingdale, Illinois. The center’s anchor tenants include Macy’s, Carson Pirie Scott, Sears, Kohl’s, Burlington Coat Factory and the 16- screen Century Theatre movie complex.



Beginning this fall, the mall’s redevelopment will include revamped exterior entrances, two or more new junior anchor tenants, multiple sit-down restaurants, outdoor cafes and streetscape retail, and new property signage and upgraded finishes.



“Our goal is to return Stratford Square back to its regional prominence when it was built more than 30 years ago,” said StreetMac’s Maury Fisher, the former president of JMB Urban, which developed the property in 1981.



To support the mall’s revitalized entertainment options, Round One will open a newly built 40,000-sq.-ft. entertainment complex in October featuring bowling, billiards, gaming and karaoke.



In addition, Red Robin will remodel its Gourmet Burgers and Brews restaurant concept at Stratford Square later this fall which features interior and outdoor seating, a key component of the mall’s new entrances.



The redevelopment effort will also include revising the mall’s outdoor areas with fire pits, additional seating and new landscaping.



Bloomingdale Mayor Franco Coladipietro commented: “The Village Board wholeheartedly supports this first major step in the reinvention of our regional mall and looks forward to more improvements in the near future.”



StreetMac’s and Five Mile’s efforts follow investments made by the mall’s previous owners who added such upgrades as the Century Theater.


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