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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.