DOWNERS GROVE - A plan to build a new Walgreens at the Meadowbrook Shopping Center has been scraped, and the store has decided to remain at its current location on 63rd Street and Belmont Road.
“I was told by the real estate department of Walgreens that they have decided to stay at their current location at the northwest corner of Belmont and 63rd,” Michael Cassa, president and CEO of the Downers Grove Development Corp., said at the Dec. 4 Village Council meeting.
“Walgreens has a signed a long-term lease extension to remain at that location," Cassa said. "I was also told that the landlord of that current location presented Walgreens with very attractive terms, and I don’t know what those are, to keep them. Apparently this landlord was motivated to do to whatever it took to keep them there.”
The Village Council in August approved Walgreens' plans for a new store at the site of the former Roundheads Pizza Pub at 63rd Street and Woodward Avenue. At the time, some commissioners were opposed to the proposal, objecting to some of the materials that would be used to renovate the mall.
Ultimately, the council voted in favor of the plan, which included improvements to the mall’s parking lot and facade.
"Walgreens would have been a strong tenant for the Meadowbrook Shopping Center, Cassa said.
However, he was happy that the company decided to stay in the village rather than move to an adjacent community.
"Hopefully the folks at Frontline [Real Estate Partners] will find a replacement for that location,” Cassa said. "We are working with Frontline on all opportunities that come along."
Frontline owns the property were the Walgreens was to be built.
The council voted 4-3 to approve a plan to build the Walgreens at 2001 63rd St., which would be accompanied by improvements to the mall’s parking lot and facade. Mayor Martin Tully cast the deciding vote.
The proposed 14,490-square-foot Walgreens would have included a drive-thru pharmacy window and was bigger than the existing store on 63rd Street.