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What's New
Super Target store opening in Yorkville July 26, 2008 YORKVILLE -- Area residents are about to get a "super" new place to shop. Retailer Super Target will have a grand opening Sunday at Kendall Marketplace, Yorkville's first major retail development at one of the busiest locales in the city: Route 34 and Cannonball Trail. The store at 1652 N. Beecher Road has a Starbucks, a pizzeria, an optical center, a pharmacy, a photo center, as well as a grocery and liquor store. Super Target, occupying 176,000 square feet, will join Home Depot, which opened in October, and Kohl's, which opened in February at Kendall Marketplace. And by the fall, shoppers could find several more places to spend their cash in time for holiday shopping. Dick's Sporting Goods, Famous Footwear, PetSmart, Marshalls among others, are slated to fill the 800,000- square-foot shopping center being developed by Harlem Irving Co. and Mid-America Development Partners. From the Super Target alone, the city is expecting to reap $150,000 to $170,000 in sales tax revenue in its first year. Most Target stores make $40 million a year in sales, said Susan Mika, Yorkville's finance director. That translates to $400,000 in sales tax revenue per store, but in this agreement between Yorkville and Super Target, the retailer will be rebated 50 percent of all sales tax revenue, Mika said. And still on the way is the Rob Roy Falls shopping center development next door, which calls for a million square feet of retail shopping. Also still on the way is a Wal-Mart Supercenter, but the timetable for a groundbreaking is still unknown, Yorkville Mayor Valerie Burd said. Wal-Mart has not yet completed its deal with land owner Don Hamman for the parcel of land the company would like to develop, Burd said. "The land owner has come through the city and has had the zoning and infrastructure approved. They have everything ready to go ... as soon as they pay for the land," she said. |