Retail N Illinois

HSA Commercial Real Estate to design and build mixed-use pedestrian-friendly development in Chicago suburb

Triangle-Development

The village board of Orland Park recently chose Chicago-based HSA Commercial Real Estate as its development consultant for the Main Street Triangle redevelopment project. The village will work with HSA to design and build a mixed-use, pedestrian-oriented development including upscale shopping, dining and entertainment attractions that will create a dynamic, urban atmosphere.

The village board of Orland Park recently chose Chicago-based HSA Commercial Real Estate as its development consultant for the Main Street Triangle redevelopment project. The village will work with HSA to design and build a mixed-use, pedestrian-oriented development including upscale shopping, dining and entertainment attractions that will create a dynamic, urban atmosphere.

In its role as a development consultant, HSA will be responsible for designing an overall mixed-use merchandise plan, attracting a unique retail tenant mix and completing leases with prospective tenants.

The “Main Street Triangle District,” which is owned by the Village of Orland Park, is a 32-acre parcel bounded generally by La Grange Road on the east, 143rd Street on the south and the Metra Southwest Line on the west. Flaherty and Collins, an Indianapolis-based multi-family developer, recently broke ground on a 295-unit luxury apartment complex on the southern portion of the site, which is scheduled for completion in spring of 2013.

“Given the relative strength of the existing commercial users in the area, we know there will be a lot of interest in the project,” said Tim Blum, executive vice president and managing director of retail services with HSA Commercial. “Our job will be to refine the tenant mix and find users that contribute to a compelling mixed-use project that effectively complements Orland Park as a regional shopping and entertainment destination.”