Skokiebiz Summer 2016

MID-YEAR 2016 SKOKIEBIZ NEW RANKINGS & OPPORTUNITIES SEMI-ANNUAL ECONOMIC DEVELOPMENT REPORT/VOL. III

HAPPY ONE-YEAR ANNIVERSARY, SKOKIEBIZ!

In the first half of 2016, the Village of Skokie continued to build on momentum generated in 2015 with increased construction projects in all sectors as well as recording notable sales and investment dollars. A prestigious new Midwest ranking and expanded communications with the national retail and international business community also have highlighted Skokie as a strong and viable location for new retail, industry and office users.

Skokie’s Optima Old Orchard, 9739 Woods Drive, is home to suburban Chicagoland’s priciest condo at $2.3 million. The 4,000-square-foot penthouse is situated in TARGET IS COMING TO DEMPSTER STREET! one of three interlaced 20-story steel and glass towers (600+ units), designed and developed by David Hovey, and towering over the Edens Expressway. Skokie will soon welcome a new 33,000-square-foot Target store to the southwest corner of Dempster Street and Bronx Avenue in the heart of the Village’s West Dempster Tax Increment Financing (TIF) District. This will be Target’s first suburban Chicagoland store developed under its new ‘flexible-format’ concept and will include a pharmacy and order pick up service as well as ‘grab and go’ food items. Located in a densely populated neighborhood in a transit-oriented district, the store will have two prominent entrances from Dempster Street and at the southwest corner of the building facing the CTA Yellow Line station. Developed by BlitzLake Partners, Chicago, the store will be supported by 77 surface parking spaces and is expected to open in 2017. The new Skokie Target will produce significant sales and property taxes for the community as well as 50 to 70 jobs. Welcome, Target! In June, over 350 local runners participated in the 3rd annual Dan Horyn’s Skokie Swift 5K through the beautiful Illinois Science + Technology Park campus and along the soon-to-be expanded Skokie Valley Trail bike and walking path.

The patio at Downtown Skokie’s Euro Echo Café, 7919 Lincoln, is now open! Serving delicious coffee, paninis, gelato and more, this new independently-owned and operated coffeehouse is located across the street from the iconic Skokie Theatre.

IN TOTAL RETAIL SALES GROWTH (12.7%) RANKED AMONG THE TOP 20 CHICAGOLAND #1 SUBURBS (2014-2015) NOTE: $182M INCREASE OVER 2014

All aboard! Hammer Made, a popular upscale Minnesota-based men’s clothing retailer, will open its first Chicago store at Westfield Old Orchard in late IN TOP 23 CORE MALL MARKETS 2016. The mall generated retail sales in excess of $2.6 RANKED billion in 2015, making it the fifth highest regional (WESTFIELD OLD ORCHARD) RETAIL shopping center sales generator in Chicagoland. #4 SALES GROWTH (8.29%) NOTE: $200M INCREASE OVER 2014

IN TOTAL DRINKING AND EATING PLACES RANKED SALES GROWTH (7.4%) IN TOP 20 #5 CHICAGOLAND SUBURBS NOTE: $12M INCREASE OVER 2014 Fifteen new Floral Avenue houses have been sold, built and/or occupied by residents who have largely relocated here from outside Skokie and from either U.S. coast. In May, Skokie Patch reported that this Downtown redevelopment area was named the Village’s “Most Expensive Street” based on 2015 housing sales with an average home cost of $647,000. IN HIGHEST MEDIAN INCOME ($76,867) RANKED OUT OF THE TOP 20 WEALTHIEST 7TH MIDWEST COMMUNITIES IN U.S. WITH POPULATIONS OVER 65,000

IN HIGHEST MEDIAN HOME PRICE RANKED ($255,300) OUT OF THE TOP 20 WEALTHIEST MIDWEST COMMUNITIES IN The Dempster Street Yellow Line CTA station celebrated 8TH the opening of the Village’s sixth Dunkin’ Donuts in U.S. WITH POPULATIONS OVER 65,000 February with these two train riders, who quite clearly are running on Dunkin’. Source: 2016 Melaniphy & Associates Retail Sales and Report and NerdWallet.com

Village of Skokie Economic Development Division Questions or comments? Please contact us! 5127 Oakton Street, Skokie, Illinois 60077 847/933-8446 ([email protected]) www.skokiebiz.org MID-YEAR 2016 SKOKIEBIZ SKOKIE BIZ-BITES SEMI-ANNUAL ECONOMIC DEVELOPMENT REPORT/VOL. III SKOKIE BIZ-BITES Did you know? This past spring, Skokie was named one of the Top 20 Wealthiest Communities in the Midwest by NerdWallet.com, a web-based, consumer-driven financial information source, that evaluated median household income, home values, mortgages and credit availability for 475 American cities with population in excess of 65,000. Skokie placed 11th overall, ahead of Schaumburg, Illinois; Minneapolis, Minnesota and Madison, Wisconsin.

The Illinois Science + Technology Park (IS + TP) celebrated its 10-year anniversary by approaching the 1,500 employee mark with primary tenants NorthShore University

It’s five o’clock somewhere! During Chicagoland’s Craft HealthSystem and German-based Fresenius Kabi both increasing their workforce by Beer Week, Mayor George Van Dusen and staff recently over 10 percent since 2014. Over 85 percent of the IS + TP campus is leased and several visited a brewery interested in opening in Skokie. tenants, including Vetter Pharma and Hazel Technologies, LLC, are expanding their operations while receiving notable awards and investments. For more information visit www.scienceparkillinois.com.

The Village of Skokie has kicked off its new Storefront Enhancement Program for commercial corridor properties located outside of the Village’s TIF Districts. Financial incentives to encourage rehab, redevelopment and overall structural improvements within existing buildings are available on a first-come, first-served basis and must meet certain criteria. For more information, please contact the Skokie Economic Development Division at 847/933-8447.

The owners of AMC Showplace Village Crossing Results from the Village’s 2015 Citizens Survey conducted by the National Research 18 movie theatres (7000 Carpenter) have recently upgraded their entertainment offerings to include a Center, Boulder, Colorado, show that residents rank Skokie above national benchmarks full-service MacGuffin’s Bar and Lounge. for shopping and employment opportunities, land use, code enforcement and planning/zoning decision-making, and mobility access (including traffic flow, travel by car/bicycle, ease of walking, pubic parking and walking trails).

The Skokie Economic Development Commission and Village Staff are nearing completion of a Targeted Economic Development Strategy which will recommend ways to improve the Skokie and regional economies in an innovative manner, focusing on business development, municipal revenue expansion, employment growth/ workforce development and marketing/branding opportunities for the community.

The Skokie Telecommunications and Technology (STAT) Commission advises the Village Board on telecommunication and technology matters affecting the Skokie community. Staff from the Skokie Fire, Health and Police The STAT Commission produced the 2015 Skokie Smart Manufacturing Summit, host Departments recently participated in employee wellness/enrichment, fire safety and crime prevention bi-annual utility bill clinics to advise utility customers on cost saving strategies and events at Federal-Mogul Corporation (7450 is currently working on an alternative energy info event with a scheduled date to be McCormick) and Georgia Nut Company (7500 Linder). announced soon.

Village of Skokie Economic Development Division Questions or comments? Please contact us! 5127 Oakton Street, Skokie, Illinois 60077 847/933-8446 ([email protected]) www.skokiebiz.org MID-YEAR 2016 ANNOUNCED JOBS IN SKOKIE SKOKIEBIZ NOVEMBER 2015 - APRIL 2016 SEMI-ANNUAL ECONOMIC DEVELOPMENT REPORT/VOL. III

SELECTED REPORTED JOBS DATA FROM NEW BUSINESS OPENINGS OF 10 EMPLOYEES OR GREATER ANNOUNCED JOBS IN SKOKIE

Crafts Manufacturer Education 7603 New Gross Point Road 8233 Central Park Avenue 50 JOBS 50 JOBS

Retailer Health Care 4825 Golf Road 8708 Skokie Boulevard 30 JOBS 30 JOBS

Service Health Care 3843 Oakton Street 9933 Lawler Avenue 30 JOBS 25 JOBS

Retailer Restaurant 4999 Old Orchard Center 4445 Golf Road 20 JOBS 20 JOBS

Health Care Retailer 3424 Oakton Street 3540 Touhy Avenue 20 JOBS 18 JOBS

Retailer IT Consulting 4999 Old Orchard Center 7550 Linder Avenue 15 JOBS 15 JOBS

Manufacturer Business Services 5423 Fargo Avenue ML Group Design 3424 Oakton Street 15 JOBS + Development 12 JOBS

Retailer Retailer 9522 Skokie Boulevard 4999 Old Orchard Center 10 JOBS 10 JOBS

Retailer Retailer 4999 Old Orchard Center 4999 Old Orchard Center 10 JOBS 10 JOBS

TOTAL NUMBER OF SMALL BUSINESS OPENINGS WITH LESS THAN 10 EMPLOYEES: 43

Source: Village of Skokie Finance Department SALES TAX RECEIPTS ($)

Aw Yeah Comics (4933 Oakton) recently ranked in the “Top 10” among Chicago’s best comic book stores and celebrated by hosting a four-year anniversary event this spring. Spiderman and visitors from as far away as London lined up around the block to meet well-known comic book authors and purchase comic books and other merchandise..

Note: Includes State of Illinois 1% and Home Rule 1% Collected.

REAL ESTATE TRANSFER TAX RECEIPTS ($)

Making way for Chick-fil-A and several other retailers, the longtime former home of Don’s Fishmarket and Comfort Inn was razed this spring to accommodate new plans along booming Skokie Boulevard.

ADAR-IT, a cloud-computing company, and Solus International, a leading provider of Chicago IT consulting services, recently established their joint headquarters at 8001 Lincoln Avenue. Both firms serve small- and mid-sized businesses from around the globe.

Source: Village of Skokie Community Development Department

CERTIFICATE OF OCCUPANCY (CO) PERMITS

The Curragh Irish Pub (8266 Lincoln) recently celebrated its 8th anniversary in Skokie. The Curragh also has locations in Edison Park, Glenview and in Holland, Michigan.

CERTIFICATE OF OCCUPANCY (CO) PERMITS ISSUED BY VILLAGE (TOTAL 122) NOVEMBER 2015 - APRIL 2016

The Skokie Chamber of Commerce held their March ‘before hours’ networking session at Room and Board (10071 Skokie Blvd.), which, 30 years after opening, continues to offer exceptional contemporary furniture and accessories ‘designed to fit modern life’.

Hazel Technologies, LLC, a clean-tech start up working to reduce food waste and one of the IS+TP’s incubator companies, recently received the top $500,000 prize at the Clean Energy Trust’s annual Chicago meeting for its market-ready biodegradable container products.

UNEMPLOYMENT STATS

This past spring, the Skokie Public Library and the Village of Skokie co-sponsored a panel discussion entitled, “How to Finance Your New or Expanding Business” for local entrepreneurs featuring Small Business Admnistration, banking, accounting and legal advisors.

Source: Illinois Department of Employment Security.

RetailRetail OOpportunitypportunity SOiLtDe OsSites RfCoHrA DR Deonmp Dempsterster and Oak Streetton Streets Westfield Old Orchard Shopping Center

Over the past year, the Skokie Theatre hosted over K 11,000 visitors, with over 60 percent of these patrons S coming from zip codes outside of Skokie. MadKap Productions, the Theatre’s owner, continues to book top Chicagoland acts and produce a popular annual four-play subscription series.

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