City of Lake Forest, Illinois

City of Lake Forest,
Illinois
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Comings & Goings
Comings & Goings
Northern section of
Western Avenue:
• 40,000 sq.ft. retail
space
• New streetscape
• Looking for cafe
• No vacancy
Streetscaping:
• Lights, benches, trees and planters
• Improved parking and sidewalks
Comings & Goings
Laurel Avenue south to
Wisconsin:
• 118,000 sq.ft. retail space
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The Grille
Orange Theory
Forever Om Yoga
LF Juice
• 4,000 sq.ft. vacant
– 950 N. Western, Donatis
Comings & Goings
Wisconsin/Westminster:
• 119,000 sq.ft. retail
space
• No vacancy
• Working on Thai food
Comings & Goings
Market Square/Bank Lane:
• 125,000 sq.ft. retail space
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Evereve, Spex
Lake & Co./Forest Bootery
Florist Shop
Starbucks, The Daily Grind
New Italian
resterant/bakery
– Pasquesi’s
– East train station RFP
• 3,500 sq.ft. vacancy
LifeWorking, LLC - 717 N. Forest
NEW: 8,000 square feet innovative, co-share office space.
Comings & Goings
South Western Avenue:
• 164,000 sq.ft. retail space
• 9,000 sq.ft. vacancy
Plus Waukegan/
Settlers’ Square:
• 5,000 sq. ft. vacant out of
96,000 sq.ft.
How we measure:
• 662,000 sq.ft. retail
in Lake Forest
• 17,500 sq.ft.
vacancy in Lake
Forest
• 2.6% retail
vacancy rate
Lake Forest
Heritage
Businesses
133 businesses, 12
businesses over 100 years
old, 36 businesses over 25
years old, 64% of all
businesses over 10 years old.
Sustainable Marketing
• NEW Lake Forest Go app (May 1)
• NEW Retail Shopping District Team
• “Locally-owned, locally-grown”, marketing plan
• NEW LFC: Economic Impact Analysis
• NEW LFC: 4x/year events
• Summer Open Air Market
(1,000-1,500 people/Saturday)