West Dundee moves to recruit more retailers
By Erin Sauder For Sun-Times Media January 9, 2014 1:28PM
West Dundee has hired a broker consultant to work on attracting national retailers to the village, which saw JC Penney move out of its Spring Hil Mall in 2011. | Sun-Times Media file
Updated: February 13, 2014 6:26AM
WEST DUNDEE — The village is taking a unique approach to recruiting potential retailers to locate here.
The Village Board has retained the services of consultant Barry Bain of GRS group for a two-phase retail market study which includes identifying national and regional retailers that are not currently operating in the market and then recruiting them to West Dundee.
“It’s really a novel idea of adding to our economic development team by using the services of a broker,” said West Dundee Village President Chris Nelson. “It increases our ability to recruit businesses to town without adding to (the village staff) headcount and it’s an affordable way of building our team without bringing someone on full-time.”
Bain’s role will be to identify potential uses for sites and bring recommendations to the village.
“It does seem like brokers have a lot of influence on development,” Nelson said. “And having a broker who is representing municipalities and all its properties and is in talks with other brokers, they can potentially get some users interested in our town. It’s not intended to replace anything we’re doing. It’s actually supplementing to get more folks to West Dundee.”
For Phase 1 of the project, Bain will be paid $21,000, which includes a $1,000 travel allowance. The first phase is expected to take about 65 hours over a period of nine weeks. Phase 2 is expected to be completed over a four-week period, and Bain will receive a 2.5 percent broker fee on the properties he secures for the village, officials said.
His study will include regional and national retailers as well as successful restaurant chains.
“We’re not going to get an IKEA in West Dundee because there’s already one in Schaumburg and Bolingbrook,” Nelson said. “But maybe we can get some kind of mid-level large furniture (store) who we haven’t targeted yet, like The Dump in Lombard which has a nice furniture product at affordable prices.”
Nelson is excited about the future of West Dundee’s development.
“We have reason to be optimistic about 2014 with the economy on the upswing and potential developments,” he said. “We feel it’s a good time to increase the number of folks on our team to get the word out about West Dundee. We’re excited to see what (Bain) can do.”