Updated 2/17/2021 6:26 PM
A new self-storage facility will be incorporated into the revitalization of a rundown Naperville shopping center after the project gained support from council members and previously concerned neighbors.
The Shorewood Development Group plans to invest roughly $50 million into the Market Meadows Shopping Center at Naper Boulevard and 75th Street in hopes of retaining key tenants, filling vacant storefronts and updating aging infrastructure, according to development plans.
To support the project and generate foot traffic, developers proposed transforming an outdated retail courtyard area into a self-storage business, which would be operated by Northfield-based The Lock Up. The facility would have a 35-foot-wide frontage but would otherwise be hidden behind other retailers and accessed from the back of the shopping center, representatives said.
Updated 1/27/2021 6:17 PM
The construction of a self-storage facility is the focus of a developer s plan to revitalize a Naperville shopping center, sparking concerns among nearby residents that the use is incompatible with surrounding properties.
The Shorewood Development Group is under contract to purchase the Market Meadows Shopping Center at Naper Boulevard and 75th Street, where vacancy rates have grown and infrastructure has been deteriorating for years, attorney Vince Rosanova said.
Plans to redevelop the retail hub, anchored by Jewel-Osco, include constructing a new multi-tenant outlot building, completing architectural and engineering upgrades, reconfiguring the parking lot and improving pedestrian access. To support the nearly $50 million project, he said, developers have proposed transforming an antiquated courtyard with challenging retail space into a self-storage business, operated by Northfield-based The Lock Up.