Former Kmart property closer to development.
Sunday, September 16, 2012
Tuesday, March 6, 2012
It's time to weigh in on the fate of the Sears/Kmart property at 110th Street and Cicero Avenue?
We’ve watched this commercial property at 110th Street and Cicero Avenue deteriorate for a long time. If you’ve driven through the parking lot lately, it’s like driving on the moon. With the settlement of the Sears Holdings Co. litigation over leasehold rights and the village’s purchase of the property from J.C. Penney, we can finally dream about the kinds of stores and businesses we’d like to see here. A Big Lots? Cash for Gold? HHGregg? Abercombie and Fitch? Macy's? Anything as long as it isn't a Sears store? How high should the village aim? Tell us in the comments.
Friday, March 2, 2012
A weekly update to help you keep up with the news updates and conversation on Oak Lawn Patch's Facebook page and what O-L Patch users are saying in the comments section.
Thanks you to all of our Oak Lawn Patch Facebook fans and readers who participated in commenting on Oak Lawn stories this week. We climbed from 792 to 848 Facebook likes this week. That being said, we wouldn’t mind if you happened to tell a friend or two to like Oak Lawn Patch on Facebook so we can get keep up the pace. There was a lot on your minds so let’s have at it because there’s a cosmo with my name on it waiting for me at Deja Brew. Readers responded to news of the village ending its 5-year litigation with Sears Holdings Company and the closing of the Kmart at 110th and Cicero Avenue, paving the way for a new retail development. RobertS – “80 jobs lost and [Mayor Dave Heilmann] says it for the best—very jaded attitude from someone …
Saturday, February 25, 2012
Village ends 5-year litigation with Sears Holdings on Kmart property; 111th Street and Cicero Avenue Kmart to close.
The Kmart store at 11000 S. Cicero Ave. in Oak Lawn has been added to the list of stores being closed by Sears Holdings Corp. No closing date was announced for the store, but Mayor Dave Heilmann said the store would likely close by May 31. It is the first store in the Southland to be designated for closing since Sears Holdings Corp. announce last year that it would close between 100 and 120 underperforming stores. Kmart also operates a store at 4101 W. 95th St. in Oak Lawn, which will remain open. A Kmart store typically employs 40 to 80 workers. Sears Holdings, which posted a $2.4 billion fourth quarter loss on Thursday, also said it would sell off its outlet store division—including a store that recently opened in Tinley Park and a store…
Friday, January 6, 2012
Did state lawmakers drop the ball on due diligence voting in favor of a tax-package to keep Sears Holdings in Illinois before it announced that it would close 120 Sears and Kmart stores?
So far local Sears and Kmart stores have escaped the ax in the wake of an announcement by Sears Holdings Co. that it would close 120 retail stores nationwide because of poor holiday sales. Sears Holdings Corp.’s announcement to close retail stores on Dec. 29 came on the heels of a vote by the Illinois General Assembly guaranteeing the company $15 million in tax breaks to keep Sears’ headquarters in Hoffman Estates as reported by the Chicago Tribune. State house and senate members passed the tax break package earlier last month that was aimed to keep Sears as well as the Chicago Mercantile Exchange from moving out of Illinois. Gov. Pat Quinn signed the legislation into law. Combined, Some state lawmakers, such as Sen. Ira Silverstein of …