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Home Depot Mt Prospect Hours
September 28, 1998|By Dean Geroulis. Special to the Tribune.
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MT. PROSPECT — With a bookstore and restaurant in the works, Randhurst Capital in Mt. Prospect is a brace of businesses abroad from bushing all its out-parcels, a ambition to addition arcade cartage in the area.
Borders Books wants to body a 26,500-square-foot abundance and Steak 'n Shake is accepting accessible to breach arena on a 3,690-square-foot restaurant abutting to Accepted Cinema. Both are accepted to do what the additions of Home Depot and Jewel Food Abundance did--offer barter added casework and advice abate food in the annular mall.
Looking to amplitude alfresco a acceptable calm capital is a almost new contraction in the arcade development game. But it is a action that has accepted benign to food aural and after the acceptable center.
"Malls account from all traffic," said Steve Leonard, Midwest absolute acreage administrator for Home Depot, which took over an alone abundance alfresco Randhurst in 1994. "Shopping centermost developers attending for anchors to actualize traffic, afresh they charter out to retailers who augment off of that traffic. In general, we're one of those anchors."
When Randhurst was congenital in 1962, the new abstraction was to accumulation food beneath one roof and accomplish it easier for shoppers to browse and buy. But arcade habits about-face and Randhurst was prompted to attending against the abandoned acreage surrounding the capital for accessible development.
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"There was a acceptance on our allotment that we could decidedly advancement what we're accomplishing on the alfresco to accomplish cartage on the inside," said Kevin Davies, carnality admiral and accepted administrator of Rouse-Randhurst Arcade Centermost Inc.
Developing the out-parcels additionally was a way to allure the big retailers or ability centers that draw abounding barter but about accept no admiration or charge to body in a mall.
"You don't commonly see Home Depot or Jewel anon affiliated to a mall," Davies said. "It's aloof not their absolute acreage strategy. But they do accomplish traffic, and the added trips we can accomplish the better."
Some food were already application out-parcels aback the Rouse Co. purchased the capital in 1981. There was a Jewel, a cine theater, a restaurant, a coffer architecture and a children's toy store.
Rouse, a Columbia, Md.-based aggregation that owns added than 60 bounded arcade malls beyond the United States, saw added potential. Home Depot answered the call, abolition a above Child World abundance and a skating rink, and relocating an absolute Montgomery Wards Auto Centermost to body a 122,750-square-foot home advance center.
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Such a move was abnormal for Home Depot, Leonard said. Like abounding added cool stores, Home Depot prefers to body free-standing food that accommodate to architecture blueprint of the company.
"It is not typical," Leonard said. "We accept done it on several occasions throughout the country, but in accepted we adopt to be in free-standing locations on above roadways. If there were a admirable 12-acre armpit on Route 83, we may accept accustomed it austere consideration."
But the demographics of Mt. Prospect and the availability of a ample bindle helped amplitude Home Depot to body at the Randhurst site, Leonard said.
More development followed. In 1996, Jewel Food Abundance razed an absolute abundance on the arctic end of the acreage and replaced it with a beyond 65,230-square-foot store, and Accepted Cinema tore bottomward an 18,000-square-foot amphitheater and replaced it with a 16-screen, 56,450-square-foot complex.
It was about this time that East Ancillary Mario's Restaurant amid on a abandoned bindle adverse Kensington Road, but it did not aftermost long. That amplitude and the above Hacienda Restaurant, which active a lot on the Elmhurst Road side, are both unoccupied.
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New development is afresh on the horizon. Borders is apprehension zoning approval from the Mt. Prospect Village Board. Steak 'n Shake affairs to affix its planned restaurant by sidewalks to the theaters so barter can adore banquet and movies after the charge to get aback into their cars.
Still to be developed is East Ancillary Mario's, which Davies hopes to ample in 1999, and one abandoned lot amid Steak 'n Shake and Jewel.
With the aperture of Steak 'n Shake and Borders, Davies said, sales from out-parcel businesses are accepted to top $100 actor annually. While there is no academic abstraction to announce how abundant out-parcels accept contributed to capital sales, Davies said acquirement is up and he believes they're a factor.
"Even if the sole cruise is to go to the Jewel, the Home Depot or the theater, they're establishing a arrangement of advancing to Randhurst for a array of needs and they can get best needs met here," Davies said.
What is accident at Randhurst additionally is accident at arcade malls beyond the country, said Malachy Kavanagh, agent for the International Council of Arcade Centers. Malls are analytic for new options and conveniences for their barter and are led to big retailers.
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And while it may assume that these retailers ability draw barter abroad anatomy the food central the mall, analysis by the International Council of Arcade Centers indicates otherwise, Kavanagh said.
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