DOCSLIB.ORG

Executive Summary Is an Illinois Licensed Real Estate Broker Executive Summary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Executive Summary Is an Illinois Licensed Real Estate Broker Executive Summary Holliday Fenoglio Fowler, L.P. (“HFF”) Executive Summary is an Illinois licensed real estate broker Executive Summary NORTH SHORE VALUE-ADD INVESTMENT OPPORTUNITY Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present the opportunity to purchase a supremely located boutique Class A office building in Northbrook (the “Property”). Accented by a striking and well-maintained landscape and located in the heart of downtown Northbrook, the Property provides dynamic floor plate versatility which enables it to effectively accommodate both large and small tenants' needs alike. Current ownership has invested in physical capital improvements leaving a new investor with the ability to renovate and upgrade common areas. These improvements will help brand 1200 Shermer as the premier boutique office building in the area. At 66.6% occupancy, 1200 Shermer provides a value-add investment opportunity in the top suburban market in Chicago. The building’s current occupancy is well-below market occupancy levels for similar office product, and therefore offers investors an opportunity to acquire the only Class A building in downtown Northbrook at below replacement costs. A new owner will be able to complete ongoing renovations and continue to capture the built-in tenant demand from Northbrook and its surrounding suburbs. 2 Executive Summary TAKING NORTHBROOK’S PREMIER BOUTIQUE OFFICE BUILDING TO THE NEXT LEVEL 1200 Shermer is the only Class A multi-tenant building in downtown Northbrook, which is one of Chicago’s most affluent communities. 1200 Shermer’s diverse floor plates and unrivaled location position the Property to capture local small and mid-sized businesses. With moderate capital improvements, the Property will be well-positioned to continue to attract the type of executive who desires to office 5-10 minutes from home, walk to nearby restaurants and shops and utilize public transportation via the Metra. The Property benefits from the aforementioned advantages, which catapult 1200 Shermer into a category of its own as Northbrook’s premier boutique office building. Over the last 3 years, 1200 Shermer’s owner has demonstrated commitment to the Property by infusing capital into the Property’s parking lots, roof, and security system. These improvements have aided the building in attracting and retaining new and current tenants, respectively. A future owner of 1200 Shermer has the exceptional opportunity to exploit the recently completed upgrades and carry out planned renovations including corridor, lobby, and elevator modernizations, which would position 1200 Shermer as Northbrook’s premier boutique office into the future. UNPARALLELED LOCATION Located just west of the Edens Expressway (Interstate 94) and east of the Tri-State Tollway (Interstate 294), the Property is nestled between two well-traversed interstates that provide convenient access to commuters. 1200 Shermer is located 24 miles north of the Chicago Central Business District (“CBD”) in the heart of Chicago’s North Shore, which is home to many of Chicago’s key corporate decision makers. Shermer Road is located directly off of Illinois Route 43, a major north-south state road that runs through Cook County and beyond. More importantly, the Northbrook Metra rail stop is a 5 minute walk from the Property, providing urban commuters with an efficient transportation alternative within walking distance. Moreover, the close proximity to the Metra provides executives who live in Northbrook and work at 1200 Shermer convenient access to the CBD. 1200 Shermer’s ideal location near heavily traveled interstates as well as dependable rail transportation enables tenants at the Property to pull from both urban and suburban labor pools. Source: Costar 3 ExecutiveDeerfield Summary Rd 43 ABUNDANT NEARBY AMENITIES 94 Waukegan Rd 1200 Shermer is situated amongst numerous restaurants and retailers, providing tenants with several dining and shopping options close by. 21 Francesca’s North and Georgie V’s reside directly across from the Property, and the Meadow Shopping Center Plaza, containingLake CookStarbucks, Rd Lou Malnati’s Pizzeria, famous for its Chicago deep dish pizza, and Marcello’s Father 41 94 and Son are located a short 3 minute walk from the Property. Additionally, 83 ay lw Sunset Foods, a local full-service neighborhoodol grocery store (inclusive 94 T te Edens Spur (Toll Road) ta of the Northshore University Health SystemS Pharmacy) is adjacent to the i- r T aforementioned Francesca’s North, providing tenants with a quality grocery Meadow Shopping Plaza 68 Northbrook Grill & Tap and pharmacy outlet in 1200 Shermer’s backyard. 68 Dundee Rd 68 Sanders Rd Pfingsten Rd Pfingsten Shermer Road Townhome Development BALANCED ROLLOVER PROFILE WITH HIGH-PROFILE ANCHOR TENANT 294 With 15 tenants and a weighted average lease term of 5.4 years, the in- Waukegan Rd Walters Ave place tenancy at the Property provides a balanced rollover schedule that both Landwehr Rd Landwehr protects a future buyer from rollover exposure and provides steady cash flow Shermer Road Shermer in the near term. Specifically, the rollover exposure as a percentage of NRA Ave Western 94 21 for 2017 and 2018 is nominal at 6.4% and 3.0%, respectively. Additionally, the Edens Expressway 43 Property benefits from a world-renowned anchor tenant in Bank of America 83 Techny Rd (“BoA”) leasingCHICAGO over a third of the Property. BoA has leased space at 1200 EXECUTIVE Shermer since AIRPORT1997, and upon lease expiration in 2023, will have been a tenant at the Property for over 25 years. Willow Rd 4 Executive Summary Southwest Facing Aerial Shermer Road METRA LINE Meadow Shopping Plaza Milwaukee District North Line Station Shermer Road Townhouse Development Northbrook Grill & Tap Shermer Road Drive-Up 5 Executive Summary CRITICAL BANK OF AMERICA LOCATION Due to the potential congestion and disruption drive-through locations (of all types) can create, the city of Northbrook rarely gives retail operators approval for drive-throughs at their respective locations. The BoA branch at the Property serves as a critical location, providing easy access for their North Shore clientele. The building’s design provides BoA with vital drive-through access that would be difficult to replicate in the area. PROVEN & LOYAL TENANT BASE The loyal tenant base includes 15 tenants across the Professional Services and Healthcare industries. The tenant roster is anchored by Bank of America (BoA, S&P: BBB+; 34.1% NRA), which has the longest remaining term left of any tenant at the Property (7.6 years). Since year-end 2015, two current tenants (Edward D. Jones and Brandwein & Brandwein) renewed their leases at 1200 Shermer, and two new tenants have signed leases at the Property (Best Travel & Tours and Richard Saul), demonstrating existing tenants’ dedication to the Property as well as new tenants' desire to office at 1200 Shermer. Paramount Staffing uses 1200 Shermer as its headquarters location, while numerous other tenants utilize the Property as their sole location – a testament to the Property’s Class A location and draw. 6 Executive Summary CHICAGO’S PREMIER SUBURBAN OFFICE SUBMARKET The North Suburban submarket, which is home to 1200 Shermer, is Chicago’s strongest suburban submarket and routinely leads Chicago in occupancy rate, achievable net rents, and leasing velocity, both historically and at present. The Submarket is strategically located in Cook and Lake Counties, just north of the Kennedy Expressway (Interstate 90/94) and straddles both the Edens Expressway (Interstate 94) and the Tri-State Tollway (Interstate 294), all of which provide convenient access to commuters traveling in every direction. The North Suburban Submarket contains approximately 30.3 million RSF, or 23.9% of Chicago’s suburban office space inventory, and is located in the center of the suburban submarkets in a very high traffic, densely populated area. Of the 30.3 million RSF, 17.3 million RSF is Class A and 10.1 million RSF is Class B. Additionally, the Submarket not only offers the highest concentration of Class A space but is among the lowest Class A and Class B vacancy rates as well. In such a space-constrained market with limited viable development sites, few pending or upcoming foreclosures, and prohibitive land acquisition costs for development, any material absorption will quickly stabilize market fundamentals and lead to faster rent growth than in any other Chicago submarket. 7 Executive Summary BOOMING DEVELOPMENT ACTIVITY NORTHSHORE 770 Over the last 18 months, an abundance of development has broken ground or is in the approval phases in Northbrook due to the city’s positive financial outlook, its well-performing business community, high occupancy rates at its retailers and strong tax base. Development projects include retail centers, multifamily apartments and condominiums, and a medical facility (MeadowPark Office Complex). Most notably, the Shermer Road Townhome Development will be situated directly across the street from 1200 Shermer and will consist of approximately 82 townhome units. The proposed traditional buildings’ design will consist of brick and stone accents on the facades, and the units (approximately 1,700-2,400 square feet in size) are expected to sell for $500,000-$700,000 each. The development is projected to increase population density in downtown Northbrook, an advantageous result for 1200 Shermer. Source: Costar The highest profile recently delivered development is NorthShore 770, located two miles east of 1200 Shermer. One of the suburbs’ most anticipated mixed- use development projects in recent history, NorthShore 770 is a high-end retail and apartment development located at Skokie Boulevard and Dundee Road, and contains more than 100,000 square feet of chain retail (95% leased) anchored by a Mariano’s grocery store, and 347 rental units that range in size from 667 square feet to 1,341 square feet. Nationally recognized “fast-casual” restaurants such as Chipotle and Panera Bread operate in the retail portion of the development. The ultra-luxury apartment and retail building opened its doors in January 2016.
Load more

Recommended publications
  • River Mileages and Drainage Areas for Illinois Streams—Volume 2, Illinois River Basin
    RIVER MILEAGES AND DRAINAGE AREAS FOR ILLINOIS STREAMS—VOLUME 2, ILLINOIS RIVER BASIN U.S. GEOLOGICAL SURVEY Water-Resources Investigations Report 79-111 Prepared in cooperation with the U.S. ARMY CORPS OF ENGINEERS RIVER MILEAGES AND DRAINAGE AREAS FOR ILLINOIS STREAMS—VOLUME 2, ILLINOIS RIVER BASIN By R. W. Healy U.S. GEOLOGICAL SURVEY Water-Resources Investigations Report 79-111 Prepared in cooperation with the U.S. ARMY CORPS OF ENGINEERS 1979 CONTENTS Conversion Table . .iv Abstract . .1 Introduction . .1 Methods . .2 Explanation of tables . .2 References . .3 Index . .291 ILLUSTRATIONS Figure 1. Map showing Illinois counties . .4 2. Map showing stream systems, hydrologic units, and major cities in Illinois. .6 TABLE Table 1. River mileages and drainage areas for Illinois streams . .8 i CONVERSION TABLE Multiply inch-pound unit By To obtain SI (metric) unit mile (mi) 1.609 kilometer (km) square mile (mi2) 2.590 square kilometer (km2) iv RIVER MILEAGES AND DRAINAGE FOR ILLINOIS STREAMS— Volume 2, Illinois River Basin By R. W. Healy ABSTRACT River mileages are presented for points of interest on Illinois streams draining 10 square miles or more. Points of interest include bridges, dams, gaging stations, county lines, hydrologic unit boundaries, and major tributaries. Drainage areas are presented for selected sites, including total drainage area for any streams draining at least 100 square miles. INTRODUCTION Expansion of water-resource investigations within the State of Illinois has amplified the need for a common index to locations on streams. A common index would aid in the coordination of various stream-related activities by facilitating data collection and interpretation.
    [Show full text]
  • Village of Bridgeview, Illinois
    VILLAGE OF BRIDGEVIEW, ILLINOIS REQUEST FOR PROPOSALS FOR THE PURCHASE AND REDEVELOPMENT OF TH 8900 SOUTH 77 AVENUE, BRIDGEVIEW, ILLINOIS ISSUE DATE: MARCH 12, 2021 NON-MANDATORY SITE VISIT: APRIL 22, 2021 11:00 A.M. (CDT) WRITTEN QUESTIONS DUE DATE: MAY 13, 2021 5:00 P.M. (CDT) PROPOSAL DUE DATE: MAY 24, 2021 4:00 P.M. (CDT) Village of Bridgeview – Request for Proposals Table of Contents Section Page Number General Information 3 I. Introduction 5 II. The Property 5 III. Goals for Development 6 IV. Guidelines for Design and Development 8 V. General Land Use Plan 8 VI. RFP Response 9 VII. Evaluation Process 12 VIII. Schedule and Key Dates 15 Appendix i Exhibit A – Economic and Demographic Information A-1 Exhibit B – Diagram of the Property B-1 Exhibit C – Plat of Grant of Easement C -1 2 Request for Proposals (RFP) General Information The Village of Bridgeview (“Village”) invites submission of proposals for the purchase and development of commercial, industrial and/or retail sites on approximately 5.3 acres or 231,000 SF of property located at approximately 8900 South 77th Ave, Bridgeview, Illinois (the “Property”) (See Exhibit B). The Property is located on the east side of Interstate 294 on 77th Avenue. The Property contains three parcels of property which are being sold together totaling approximately 5.3 acres or 231,000 square feet (See Exhibit B) owned by the Village of Bridgeview and the Bridgeview Park District. This site was formerly a sports dome and is currently vacant land without any existing structures and is being used by the Village for parking and storage.
    [Show full text]
  • COMMITTEE of the WHOLE Monday, October 5, 2020 Immediately Following City Council Mtg
    1 COMMITTEE OF THE WHOLE Monday, October 5, 2020 immediately following City Council Mtg. at 7pm City Hall Council Chamber 109 James Street Geneva, IL 60134 Visitors are welcome to all City meetings; however, pursuant to Governor Pritzker’s Executive Order 2020-43 limiting gatherings of no more than 50 persons (or 50% of room occupancy) and a requirement to wear a face covering in public places, physical attendance at public meetings may be limited or restricted. Meetings will be livestreamed for the public to provide the ability to contemporaneously hear all discussion, testimony and roll call votes of the open meeting in real time. Please visit the City website for details on how to watch the meeting live. For more information please see the “Notice Regarding Meeting and Public Comment Rule Modification Due to COVID-19”. AGENDA Ald. Richard Marks, Chairman Tonight’s meeting will be conducted under Robert's Rules of Order. The Mayor or Chair of the meeting will serve as the Parliamentarian. All Council members may at any time seek advice or counsel of the City Attorney as is deemed necessary to interpret, overrule and/or stay any actions by the Aldermen, Mayor or Chair. Actions taken at a City of Geneva Committee of the Whole Meeting should not to be construed as a guarantee of passage at any ensuing City Council Meeting but, instead, should be interpreted as public consensus to advance any such items onto the City Council for fuller or additional discussion and debate by and between the Council, any applicant or petitioner, and the public.
    [Show full text]
  • Agenda Item: Change Order #1- East State Street Phase II
    201 AGENDA ITEM EXECUTIVE SUMMARY Change Order #1- East State Street Phase II Engineering Contract Agenda Item: Bollinger, Lach & Associates, Inc. Presenter & Title: Richard Babica, Director of Public Works Date: July 29, 2020 Please Check Appropriate Box: X Committee of the Whole Meeting Special Committee of the Whole Meeting X City Council Meeting Special City Council Meeting Public Hearing Other – Associated Strategic Plan Goal/Objective: EMS-II, EMS-III, ES-I, ES-II, EV-II & QL-I Budgeted? _X_ Yes Other ____ Yes Estimated Cost: $438,348 ___ No Funding? ____ No If “Other Funding,” please explain how the item will be funded: Executive Summary: At the January 22, 2013 City Council Meeting, the City entered into a Professional Engineering Agreement with Bollinger, Lach & Associates, Inc. (BLA) to provide design services for the Phase II portion of the East State Street Construction Project in the amount not to exceed $909,252.52. On March 10, 2020, staff and BLA met with IDOT District I to discuss the process for the land acquisition process for the parcels identified within the Phase II Design nearing completion. IDOT informed City and BLA staff that not only would the City would be required to be the lead agency to acquire the various properties and not IDOT, but would also have to complete the process utilizing the IDOT standards and practices. As this was not known when the Phase II contract was entered into, attached for your review is Change Order Number 1, a proposal from BLA to conduct the land acquisition services related to land acquisition for the East State Project in the amount of $438,348.
    [Show full text]
  • Elmwood Park Station Area Plan to Facilitate Re- Development Opportunities and Facility Improvements Near the Elmwood Park Metra Station
    PURPOSE AND BACKGROUND The Village of Elmwood Park has adopted the Elmwood Park Station Area Plan to facilitate re- development opportunities and facility improvements near the Elmwood Park Metra Station. In particular, the Village wants to focus on transit-oriented development that provides a mix of com- mercial, residential, and public uses within a pedestrian-friendly street environment and a short walk to the station. The main purpose of the Station Area Plan is to spur new investment that fosters a mixed-use downtown and increases transit use of the Elmwood Park Metra Station, as well as Pace and CTA bus service. Using resources from the Regional Transportation Authority (RTA), the Village engaged HNTB Corporation and Goodman Williams Group to provide planning and market services, create im- plementation strategies, and formalize the Station Area Plan. The station area is defined by a convenient walking distance from the station, which is typically measured by a five to ten minute walk, or a one-quarter mile to one-half mile walk. More specifically, the Village wants to focus on improving its commercial district on Grand Avenue and its connections with Conti Parkway. In the first phase of the planning process, the Inventory and Analysis Memorandum documented the Village’s existing conditions and planning opportunities. The existing conditions analysis in- cluded a review of planning documents and land use and transportation conditions. In addition, a market assessment was completed to document near-term market demand and development opportunities over the next ten years. The Village reviewed and approved these documents in December 2005 as the baseline data to create alternative concepts for the Station Area Plan.
    [Show full text]
  • Detailed Watershed Plan for the North Branch of the Chicago River and Lake Michigan Watershed: Volume 1
    Final Report Detailed Watershed Plan for the North Branch of the Chicago River and Lake Michigan Watershed: Volume 1 Prepared for Metropolitan Water Reclamation District of Greater Chicago January 2011 Detailed Watershed Plan for the North Branch of the Chicago River and Lake Michigan Watershed Prepared for: Metropolitan Water Reclamation District of Greater Chicago 100 E. Erie Street Chicago, Illinois 6011 Prepared by: HDR Engineering, Inc. in conjunction with: 2IM Group, LLC Cushing and Company FluidClarity, Ltd. Huff & Huff, Inc. Lin Engineering, Ltd. M.P.R. Engineering, Corp., Inc. V3 Companies of Illinois Ltd. Contents Volume 1 Executive Summary ................................................................................................................................. III Background .................................................................................................................................. III Detailed Watershed Plan Scope ................................................................................................ III Watershed Overview .................................................................................................................. IV Existing Conditions Evaluation ................................................................................................ IV Evaluation of Alternatives ...................................................................................................... VIII Recommendations...................................................................................................................
    [Show full text]
  • 1830S Roads (PDF)
    A Historical Note The basis of many our roads today in Lake County had their begin- Supervisor. The term of office was for one year. The use of county road nings back in the 1830s. The first wave of settlers primarily from New York districts was abandoned in 1850 when the Township form of government was and the New England States began following the ratification of the Treaty adopted. of Chicago between the United States and the United Nations of Chippewa, Portions of these old roads approved in the 1830s still exist today. Ottawa and Potawatomi Indians on February 23, 1835. At this early date, only A few of the better known roads are Illinois Route 21 (Milwaukee Avenue) one public road existed in Lake County. This was the Green Bay Military Road from Cook County to the Village of Gurnee is the old Chicago and Milwaukee established in 1832. Road. Portions of Illinois Route 59 follow the old Dundee and Bristol (An- The establishment of new roads very quickly became a priority issue tioch) Road. Segments of Illinois Routes 45 and 60 follow an old Indian Trail with the settlers. Laws were in place even at this early date which laid out and the Half Day and Nippersink Point Road. Illinois Route 43 follows parts of procedures for establishing a road. The first step was to petition the County the former Corduroy Road. Illinois Route 83 in the north half of the County fol- Commissioners Court, today called the County Board. The road petition had lows the old Fox River Road.
    [Show full text]
  • Madison Street Corridor Plan
    Village of Oak Park Madison Street Corridor Plan Adopted by the Village Board of Trustees on June 5, 2006 Planning Assistance By: In Association With: VANDEWALLE & ASSOCIATES Kenig, Lindgren, O’Hara, Aboona, Inc. 120 East Lakeside Street Madison WI 53715 Goodman-Williams Group 611 North Broadway Suite 410 Milwaukee WI 53202 Wiss, Janney, Elstner Associates Nancy Seeger Associates, Ltd. Village of Oak Park Madison Street Corridor Plan Inventory Report and Opportunity Analysis Vision Alternatives Preferred Vision Development and Implementation Strategy Development Guidelines Appendices Market Assessment Goodman Williams Group Architectural Historical Survey Wiss, Janney, Elstner Associates, Inc. Key Sites Report Vandewalle & Associates / Kenig, Lindgren, O’Hara, Aboona, Inc. / Goodman Williams Group Response to Comments from Village Commissions Vandewalle & Associates Inventory Report and Opportunity Analysis Village of Oak Park Madison Street Corridor Planning Assistance By: V ANDEWALLE &ASSOCIATES M ADISON &MILWAUKEE W ISCONSIN KENIG, LINDGREN, O’HARA, ABOONA, INC. Village of Oak Park Madison Street Corridor Inventory Report and Opportunity Analysis TABLE OF CONTENTS Table of Contents........................................................................................................................1 Introduction .................................................................................................................................2 Purpose of this Plan ..........................................................................................................................................2
    [Show full text]
  • ILLINOIS TOLLWAY PREPARED for FOURTH of JULY HOLIDAY TRAVEL Drivers Returning to the Roads Are Reminded to Be Prepared and Put Safety First
    FOR IMMEDIATE RELEASE June 30, 2020 ILLINOIS TOLLWAY PREPARED FOR FOURTH OF JULY HOLIDAY TRAVEL Drivers returning to the roads are reminded to be prepared and put safety first DOWNERS GROVE, IL – With Illinois now in Phase 4 of the Restore Illinois plan, the Illinois Tollway is prepared for Fourth of July travel and is encouraging drivers getting back on the road over the holiday weekend to be prepared and put safety first. “Following the guidance and advisories provided by the Illinois Department of Public Health and Governor JB Pritzker, we are fully focused on protecting the health and safety of the public,” said Executive Director José Alvarez. “At our toll plazas, oases and in our construction work zones systemwide, our operations put our customers’ needs first.” Prepare for construction work zones With summer construction in full swing, remember to stay focused, slow down and watch for changes in traffic patterns in place to provide safe access for drivers in work zones. The Illinois Tollway will suspend most temporary maintenance and construction lane closures from noon on Thursday, July 2, through 9 a.m. on Monday, July 6. However, some work may continue in existing work zones to keep work on schedule. Tollway drivers can expect to see ongoing work: On the Edens Spur Tollway (I-94) where traffic is reduced to one lane in each direction between Illinois Route 43 and the Edens Expressway. On the Central Tri-State Tollway (I-294) where work zones are in place between Irving Park Road and Wolf Road, between Electric Avenue and Lake Street/North Avenue, at the BNSF Railway Bridge and on either end of the Mile Long Bridge between 75th Street and I-55 and between Archer Avenue and the Des Plaines River.
    [Show full text]
  • Horvath Tremblay
    HORVATH TREMBLAY EXCLUSIVELY LISTED OFFERING • 6 UNITS • 5,965 ± SF MULTI-FAMILY INVESTMENT 314 N MAPLE AVE OAK PARK | IL OPPORTUNITY HTAPARTMENTS.COMHTAPARTMENTS.COM LEAD AGENTS JONAH CARMAN Associate Direct: (312) 637-6402 [email protected] JOHN PRZYBYLA Managing Director Managing Broker IL 471.010441 Direct: (312) 361-1643 [email protected] DISCLAIMER Horvath & Tremblay has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. 314 N MAPLE AVE LIST PRICE: $1,425,000 NET OPERATING INCOME: $83,360 CAP RATE 5.85% PRICE PER UNIT $237,500 PRICE PER SQ FT (GLA) $239 PROPERTY DETAILS BUILDING UTILITIES PROPERTY ADDRESS 314 N Maple Ave, Oak Park, IL 60302 HEATING Gas Landlord Responsible NUMBER OF UNITS 6 Units HOT WATER Tankless Landlord Responsible YEAR BUILT 1932 ELECTRIC Separately Metered Tenant Responsible LAND
    [Show full text]
  • US Route 41 at IL Route 176 Interchange Village of Lake Bluff Public Meeting #2 September 20, 2012
    US Route 41 at IL Route 176 Interchange Village of Lake Bluff Public Meeting #2 September 20, 2012 Summary: The second Public Meeting for the US Route 41 at IL Route 176 Interchange Phase I Study was held on September 20, 2012 from 5:00 PM to 8:00 PM. It was located at the Lake Bluff Elementary School, 350 West Washington Avenue, Lake Bluff, IL 60044. The meeting included a Power Point presentation and exhibits displaying the overall project development process, Level 1 Screening Alternatives, Level 2 Screening alternatives, roundabout information, the two Finalist Alternatives, two relocated frontage road options, and an impact matrix. The purpose of the meeting was to present the two Finalist Alternatives and two relocated frontage road options to the public for comment. The two Finalist Alternatives are Alternatives 7 and 8. Alternative 7 includes improvements to the existing interchange configuration to improve safety, reduce congestion, and improve mobility. The improvements include acceleration and deceleration lanes to and from US Route 41; elevation adjustments to US Route 41 to increase sight distances; improved intersections to properly accommodate all vehicles and eliminate confusing operations; widening of Skokie Valley Road and Shagbark Road; additional through lanes and turn lanes along IL Route 176 to handle the future traffic demands; and modernized traffic signals. Alternative 8 includes the same improvements as Alternative 7 except with modern-day roundabouts along IL Route 176 at Skokie Valley Road and Shagbark Road instead of conventional traffic signals. Both of these alternatives were determined to be good improvements that would handle the design year (2040) traffic while minimizing socio- economic and environmental impacts at a reasonable construction cost.
    [Show full text]
  • Milebymile.Com Personal Road Trip Guide Illinois United States Highway #6
    MileByMile.com Personal Road Trip Guide Illinois United States Highway #6 Miles ITEM SUMMARY 0.0 I-74 Bridge over The Interstate 74 Bridge, originally known as the Iowa-Illinois Mississippi River Memorial Bridge, a bridge that crosses the Mississippi River and connects Bettendorf, Iowa and Moline, Illinois. This Bridge carries Interstate Highway #74 & US Route #6 combine across the Mississippi River. This is where US Route #6 enters Illinois and starts its journey across Illinois, to terminate its Illinois run and cross into Indiana near South Holland, Illinois. 0.8 Exit 2/7th Avenue : Moline, IL 1.7 Exit 3/Avenue of the Cities: Browning Park 3.4 Exit 4A/John Deere Road : Exit 4A, John Deere Road/State Route #5 (West Bound), SouthPark South Park Mall Mall, the name of the shopping mall located in Moline, Illinois, Trinity Medical Center, The Black Hawk State Historic Site, in Rock Island, Illinois, occupies much of the historic site of the village of Saukenuk, the home of a band of Native Americans of the Sauk nation. John Hauberg Museum of Native American Life is within the state park. Trinity Medical Center West Campus, Trinity School- Nursing, Rock Island, Illinois, the county seat of Rock Island County, Illinois, located on the Mississippi River, 3.6 Exit 4B : State Route #5 Exit 4b, Illinois State Route #5/John Deere Road, Deere & Company, (East Bound) usually known by its brand name John Deere, an American corporation based in Moline, Illinois, and the leading manufacturer of agricultural machinery in the world. TPC at Deere Run, a 18-hole golf course in Silvis, Illinois.
    [Show full text]