The developer who revitalized the southwest corner of Milwaukee Avenue and Deerfield Parkway in Buffalo Grove hopes to do the same for the long-vacant former Rohrman auto dealership property om the other side of town.
The Shorewood Development Group plans to redevelop site at 915-945 Dundee Road with a new car dealership and service center, 20,000 to 30,000 square feet of retail space at the northwest corner of the site, and a four- to five-story luxury residential building.
The Buffalo Grove village board Monday approved a resolution that would allow the Buffalo Grove-based developer to seek TIF reimbursement down the road as part of a redevelopment agreement with the village. The board also took steps Monday toward the creation of the TIF. The village is hiring SB Friedman Development Advisors to conduct a TIF feasibility study, and expects the complete TIF report within the next 45 to 60 days.
Shorewood has entered into a contract to purchase the property from the Napleton Automotive Group, which acquired the property from a Purdue University foundation that had received it as a donation from Rohrman. The property has sat vacant since Rohrman ceased operations there 14 years ago.
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