here - Village of Lincolnshire

Transcription

Baceline Investments LLC
Village Green - Xsport Fitness
Special Use Permit – Feb 24, 2014
Presented by:
Mike Lotte
Baceline Investments
Rick Williams
Xsport Fitness
Mike Streit
Arcore Real Estate Group
Current Permitted Uses
2012 PUD Amendment
Confidential ~ Not for External Distribution
2
Xsport Fitness – Chicago
 35 health clubs, 28 in Chicago area.
 19 of 28 in suburbs, 15 of 35 Xpress clubs.
 322,600 total members, trend younger 20’s –
30’s, affluent and active.
 Monthly dues; $29.95
 Services; retail, health food, massage, tanning,
hair, nails, personal training, group classes.
3
Anchor Tenant Benefits
 Consistent Traffic Generation; Morning thru
evening, expose Village Green retailers and
services to non-resident, nearby, employees.
 Boost sales for Village Green
retailers/services.
 Attracts active/healthy demographic.
 Village Green office tenant amenity.
 Positive Momentum – Reverse existing stigma.
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Xsport
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Retail
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Food Service
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Convenient Amenities
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Cardio
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Strength Training
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Personal Training
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Group Classes
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Spa and Salon
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Massage
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Locker Rooms
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Locker Rooms cont….
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Locker Rooms cont…
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Flatlanders Building Expansion – Site Plan
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Elevation – Integrated Design Elements
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Rendering – Matching Existing Materials
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Milwaukee Ave. Restaurant Market Challenge
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Over saturated.
Many under performing restaurants on Milw Ave.
Best performers: Quick serve: 2,000 – 3,000 SF.
Construction costs escalating.
14,500 SF restaurants - a dinosaur, Baceline
willing to subdivide; risky, expensive.
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Restaurant Flexibility
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Restaurant Flexibility – Brewstone/Mexican Concept
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Partial Restaurant List
Bahama Breeze - Darden
None of Darden's concepts are targeting Lincolnshire.
Beef O'Brady's
They are not expanding in Chicagoland.
Bin 36
They closed at City Park.
BlackFinn Restaurant & Saloon
They need a strong fashion component.
Blaze Fast Fire'd Pizza
Not a target market.
Bonefish Grill
None of Blooming Brands Conecepts are targeting this market.
Brewstone Beer Company
Need CBDs.
Brio/Bravo
Buca Di Bepo
Buffalo Wild Wings
They are not targeting Linolnshire at this time.
California Pizza Kitchen
Targeting Vernon Hills, not Lincolnshire.
Carraba's
Cheeseburger In Paradise
Not active in Chicagoland.
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Partial Restaurant List cont…
CiCi's Pizza
Only looking for real estate in lower income areas.
Coopers Hawk Winery
Their store in Wheeling covers this trade area.
Cracker Barrel
Prefer interstate access.
Del Frisco's Grill
Eddie V’s
Eggsperience
Excluded by Egg Harbor
First Watch
This would be a conflict with Egg Harbor.
Flat Top Grill
No longer expanding.
Genghis Grill
Not active in Chicagoland.
Gibson's Steak House
None of the Gibson's concepts are targeting Lincolnshire.
Giordano's
Only doing smaller carryout locations in Chicago.
Granite City Food & Brewery
Focused on a Schaumburg deal now.
Hugo's Frog Bar and Fish House
J. Alexander's Restaurant
They location at I-94 and Lake Cook Road is too close.
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Jimmy's Charhouse
They decided not to proceed with a deal here.
Johnny Rockets
They prefer regional malls and CBDs.
Lettuce Entertain You
None of their concepts are targeting Lincolnshire
Live Basil Pizza
No Plans for Chicago at the moment.
Lou Malnati's
Only doing smaller carryout locations in Chicago.
Lumes Restaurant
Excluded by Egg Harbor
LUXBAR
Mackenzie River Pizza
Mad Mex
McCormick & Schmick's
Their suburban stores are not doing well.
Meatheads
Lincolnshire is on hold for the time being.
MOD Pizza
Morretti's
They are not expanding right now.
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My Big Fat Greek Restaurant
Nando's Perry Perry
Lincolnshire is not a target market at this time.
Olive Garden
On The Border Mexican Grill
They are in Vernon Hills and this is too close.
Outback Steahouse
P.F. Chang's China Bistro
They are already in this market.
Phil Stefani Restaurants
Pizza Rev
Quartino
None of Gibson's concepts are targeting Lincolnshire.
Red Lobster - Darden
Redstone American Grill
Romano's Macaroni Grill
None of Ignite's concepts are targeting Lincolnshire.
Ryans Steakhouse
They prefer lower income areas.
Seasons 52
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State & M ain
They would only need 1/3 of this space.
Tahoe Joe's
Ovation Brand
Texas De Brazil
Texas Roadhouse
The Arrogant Butcher
Fox Concepts currently has no plans for Chicago.
The Capital Grille
The Cheesecake Factory
They are at Lincolnshire Commons
The Greehouse
The Patio
They just did a deal in Aurora and are set for now.
True Food Kitchen
Uncle Julios Hacienda
They are focused on a deal in Skokie.
Vapiano
Wildflower American Cusine
Yardhouse
Your Pie
ZED451
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Brio Tuscan Grille/Bravo Cucina Italiana
8,000-8,500
Sent flyer via e-mail for review and consideration of new expansion. Not looking at
this moment.
Sent marketing info for broker to review this site.
Buona Beef
3,000
Sent over information and a request of further expansion in IL. Site was sent to
1.25 AC (5,500-6,500 rep broker who stated that they are not actively seeking locations but will definitely
sf)
look at existing restaurant sites. On hold.
Carrabas Italian Restaurant
1800 - 2800
Outlot
Chipotle Mexican Grill
Sent flyer regarding this property to see if this could work relative to their site on
Townline. We are working with them on a deal at another site and are having
them pass this along to see if it could work or not.
Brewpub in West Dundee, Downers Grove and Palatine.
Emmetts Brewing Co. (Burns Hospitality Group, Inc)
14,000
Flossmoor Station Brewery
14,000
Goose Island Brewpub
14,000
Left message on general mailbox looking to speak with the owners.
Granite City
8,000-10,000
Sent marketing brochure to general email and left message in attempts to contact
owner and his son to discuss this site. There are currently two operating
brewpubs downtown.
this moment.
Hillstone Restaurant Group
9,000
They are mainly targeting the downtown area but this could be a possibility given
the higher income levels. Resent flyer to see if we can untrack this.
Hofbrauhaus
6,500
this moment.
Jameson's Charhouse
10,000
Leona's
5,000
Lettuce Entertain You
9,000
Sent marketing material for owners review.
Was recommended to e-mail owner through the general e-mail address (which he
is the receiver). We will call back to follow up.
Left message with RE manager to review this site and see if they may have
interest in putting a concept here. Resent marketing material for review.
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Lou Malnati's
1400 - 7000
Spoke to Stu regarding expansion effort. They are look for 1800 - 2000 sf in high
income neighborhoods. Sent Flyer for review to rep broker.
Lucky Monk
14,000
Located in Barrington; we left a message with the manager to get in touch with the
owner.
Lunar Brewing
5,000
Smaller brewpub in Villa Park. We are trying to contact Charlie, the owner, to see if VG
would be of any interest.
Maggianos
8,000
Steve knows this location and will keep it in mind, this user currently is not looking in
this specific area. Steve will keep this center in m mind for other users.
McAlister's Deli
2000-4000
McCormick and Schmicks
Meatheads
8,000
2000-2800
Franchise driven company with one store in IL currently and looking to expand. They
are looking for a franchisee for Chicago and the suburbs but have not found one as of
yet. We will stay in touch and get franchisee updates as they progress. Looking for
outlots or drive thru
Sent flyer via e-mail for review and consideration of new expansion. Not looking at this
moment.
Contacted broker to review this site.
Left message to reach owners; this is a concept north on Milwaukee in Libertyville.
Mickey Finn's Brewery
14,000
Miller's Ale House
8,000
Moe's Southwest Grill
2,500
Nathans Hot Dogs
2,500
Nathans is entering the market but initializing rollout in the city only at this time. Check
back periodically.
Pei Wei Asian Diner
3000
Requested broker to review this site for possible expansion.
interested in leasing 8000 square feet for expanding ale house concept-- sent flyer.
Followed up with e-mail; they are being extremely selective and are not focusing as
much on Chicagoland anymore.
Sent flyer for review; left message for Marc requesting updates on activity.
Left message in general mailbox to reach brew master/owner.
Piece Brewpub
14,000
Pompei
5,000
Prime Bar
7,000
We have sent all relevant information for review and will follow up.
moment.
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Left message to review site with broker.
Smashburger
1800-2400
The Counter
2,500
moment.
The Onion Pub and Brewery
14,000
Closed on Mondays; sent marketing material to general mailbox. We will try to reach them
during regular business hours.
Tilted Kilt
9,000
Sent flyer to broker for review.
Tom and Eddie's
2500-3000
This is a burger concept created by the former CEO of McDonalds with the first
location in IL. Left message with broker to review this site.
Trader Joes
11,000
Sent info to rep broker for review. Trader Joes is currently not looking to expand at all in the
suburbs at this time. We will check in periodically for updates.
Two Brothers Brewing
14,000
Brewery in Warrenville with brewpub on site; we are trying to get in front of them to see if they
have interest in an offsite brewpub.
Uncle Julios
5,000
Spoke with RE manager and although they are not actively looking for new locations they will
take a look at this existing restaurant space; information was forwarded for review.
Buffalo Wild Wings
6,000
We have presented this site and it is too close to the Vernon Hills location. They would need
to be down south near Deerield Road.
Claim Jumper
10,000
Left message with RE manager to inquire about any expansion plans. They are located too
close at County Line.
Govnor's Public House
14,000
This location has recenlty closed operations.
They feel there is not a significant Hispanic population near this site for it to make sense.
Lalo's
7,500-10,000
On the Border
8,000
Panda Express
1900
Left message to discuss this location. Steve knows this location and will keep it in mind, this
user currently is not looking in this specific area. Steve will keep this center in m mind for
other users.
Sent flyer for rep brokers review. They have looked at this site before and it will
not work for them.
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Sandwich Shops excluded.
Panera
Pepe's Mexican Restaurant
3,000
Prairie Rock Brewing (Elgin)
14,000
They are not actively seeking locations at this time but they will still like to
keep applicable sites on file.
They are no longer operating.
Only looking at Loop/urban locations. Sandwich shops excluded.
Pret A Manger
Soupplantation and Sweet Tomatoes
Vapiano
Walker Brothers
2,400
6000-8000
5,000
Broker representing local franchisee looking in the area. After driving by
the site they have concluded that this layout is not ideal for what they are
looking for. They would like to be up on the street without much of any
setback from Milwaukee.
This is partly franchise driven; it is a high end Italian restaurant with over
30 locations worldwide and 100 planned for development in the US.
Sent flyer to rep broker for review and they are primarily looking only
urban right now. Steve will keep this center in m mind for other users.
Left message for Ray Walker; they are happy with there location due just
south.
Sandwich shops excluded.
Which Wich
Yard House Restaurant
11,000
Spoke with RE manager and they are shifting their focus on urban
locations only. They have one site in Glenview but feel their customer is
better located in the urban core.
32
Mike Lotte
Director of Leasing
Phone: 303.615.9544
www.bacelineinvestments.com
1522 Blake Street | Suite 200 | Denver | Colorado
| 80202
33

here - Village of Lincolnshire

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