Town Center redevelopment plan unveiled
The Buffalo Grove Village Board will consider a “Memorandum of Understanding (MOU)” with developers that would likely clear the way for redevelopment of Town Center. The village made the announcement in a press release late Thursday afternoon. Overview of proposed redevelopment The 20-acre site would be redeveloped in multiple phases by Kensington Development Partners into a modern central entertainment and residential district anchored by a national grocery store, retail shops, a park, restaurants and luxury multi-family residential housing. The plan includes 65,000 square feet of retail space with a total project cost of $150 million. According to the release, Kensington is under contract to purchase the property and proposes two phases of redevelopment. The first phase includes the southern and central sections of the site with a new 37,500-square-foot “nationally renowned” grocery store with an innovative format to meet the demands of today’s consumers. No specific