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11B - ORD MAINPLACE SHOPPING TOWN
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11B - ORD MAINPLACE SHOPPING TOWN
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6/13/2019 4:42:30 PM
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6/13/2019 4:41:23 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
11B
Date
6/18/2019
Destruction Year
2024
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(iv) <br />Cotnnumity benefits, <br />(v) <br />Plaza, <br />(vi) <br />Hotel, <br />(vii) <br />Residential, <br />(viii) <br />Commercial, <br />(ix) <br />Office <br />(x) <br />Parking <br />(xi) Philanthropic activities (education, culture, arts) <br />(b) Reporting for items listed in subsection 5.1.2(a) shall be include a table <br />substantially similar to the followinti: <br />An example of a compliance report fa- sire dcvelopnnent and can be applied to other above criter/a and <br />meh-ics. <br />Reporting Period: 2022 — 2"^ Report <br />Year 3 of 10 of Agreement <br />Use <br />Approved <br />Total <br />Cumulative <br />Remaining to <br />Status & Look Ahead <br />SF/Units/Rooms <br />Completed In <br />Total <br />Be <br />Period <br />Completed <br />Completed <br />Residential <br />1.900 <br />100 <br />200 <br />1.700 <br />On target with 300 to be <br />completed in the next period <br />Hotel <br />400 <br />150 <br />150 <br />250 <br />Negotiating with Hilton to <br />construction a new full service <br />hotel for the next period <br />Commercial <br />300,000 (vac) <br />100,000 <br />200,000 <br />100,000 <br />150k ten-year lease with Tenant <br />Existing <br />A since 2019. <br />1,100,000 <br />50K 20 Year lease with Tenant <br />(ex) <br />B. <br />Working with Tenant C for <br />remaining 100k with a 15 year <br />lease. <br />Commercial <br />250,000 <br />150,000 <br />150,000 <br />100,000 <br />150k completed for Kidzania. <br />New <br />20-Yearlease. <br />Negotiating with Tenant X for a <br />15 year lease. <br />New Office <br />750,000 <br />0 <br />150,000 <br />600.000 <br />150k completed in 2020. Tenant <br />X with 20-year lease. <br />Market is soft. No new activity in <br />reporting period. <br />Anticipate XX for next period. <br />_17_ <br />11 B-30 <br />
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