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Development

Over the past decade, IRC has built a successful track record of executing on ground up and redevelopment projects. Our development and redevelopment programs are designed for best in class retailers seeking new or additional locations within our portfolio.  As retail evolves, we intend to capitalize on this by continually investing in our portfolio.

IRC’s development platform is tailored to retailers’ needs and includes:

  • Multi-Tenant Buildings
  • Ground Lease Opportunities
  • Single-Tenant Build to Suit
  • Reverse Build to Suit
  • Redevelopment of existing assets
  • Rightsizing store formats

Retailers benefit from our real estate experience and local market expertise through each phase of the development project:

  • Market Research
  • Engagement
  • Development Planning
  • Entitlements
  • Construction and Stabilization
  • Project Management
  • Lease-up

Ground-up development continues to provide a valuable opportunity for retailers to enter an established IRC market to expand their presence within our shopping centers. Redevelopment optimizes tenant line-up, stimulates traffic, heightens the overall customer experience and maximizes the value of our real estate platform.

  • Opportunities in Progress
  • Developments Completed

Bohl Farm Marketplace

NW Corner of Rt. 14 & Exchange Dr. Crystal Lake IL, 60014

Located along Northwest Highway, this Target shadow-anchored property has a development opportunity with incredible visibility and multiple access points.  Northwest Highway is heavily traveled with over 27,000 vehicles passing per day.

Available Opportunity

+1-9,391 Square Feet

Leasing Contact
Allison Curtin

Byerly's Burnsville

SW Corner of County Rd. 42 & Portland Ave. Burnsville MN, 55306

Byerly’s Burnsville has a development opportunity located at the corner of County Road 42 and Portland Avenue with excellent visibility. The center is anchored by Byerly’s and serves a densely populated community of over 81,000 residents with average household incomes of nearly $100,000 within 3 miles of the center.

Available

+1-2,400 Square Feet

Leasing Contact
Rick Plessner

Chatham Ridge

NW Corner of 87th St. & Dan Ryan Expressway (I-90/94) Chicago IL, 60620

This development opportunity has incredible visibility from the Dan Ryan Expressway (I-94) with convenient access from multiple signalized entryways. Located across from the CTA’s 87th St. Red Line Station, the center also benefits from a very busy daytime population of 230,000 people and features Food 4 Less and Marshalls.

Available

+1-2,600 Square Feet

Leasing Contact
Alex Corno

Crystal Point

NE Corner of Rt. 14 & Main Street Crystal Lake IL , 60014

Crystal Point is a dominant, premier power center located on Northwest Highway with excellent visibility. Adjacent to numerous retailers such as Best Buy, Ross Dress For Less, World Market, Bed Bath & Beyond and more, this development opportunity will draw in from a population base of over 54,000 residents with an average household income of over $104,000 within 3 miles.

Available

+1-4,200 Square Feet

Leasing Contact
Allison Curtin

Downers Grove Market

NW Corner of Ogden Ave. & Williams Street Downers Grove IL, 60515

Downers Grove Market is located on heavily trafficked Ogden Avenue with nearly 30,000 VPD. This development opportunity is located in front of a brand new Hobby Lobby and Aldi.

Available

+1-3,450 Square Feet

Leasing Contact
Alex Corno

Joliet Commons

NW Corner of Plainfield Rd. & Hennepin Drive Joliet IL, 60435

This development opportunity is located at the dominant regional power center of Joliet Commons which features tenants such as Target, Dick’s Sporting Goods, DSW, and Ross Dress for Less. This opportunity will have good visibility from heavily trafficked Lincoln Hwy/ Plainfield Road and serves a densely populated area of 196,000 residents within 5 miles.

Available

+1-10,000 Square Feet

Leasing Contact
Alex Corno

Orchard Crossing

NW Corner of Illinois Road & Thomas Road Fort Wayne IN, 46804

Orchard Crossing is situated between Jefferson Point & Apple Glen Crossing Shopping Centers and located in a major retail corridor along Illinois Road with over 31,000 VPD. This development opportunity is shadow-anchored by Target and will have great visibility from both Illinois & Thomas Road.

Available

+1-2,200 Square Feet ------ +1-7,200 Square Feet

Leasing Contact
Samantha Schnell

Pulaski Promenade

SW Corner of 41st St. & Pulaski Rd. Joliet IL, 60435

This development opportunity has excellent visibilty from Pulaski Road, signalized entrances, access via public transportation and sitting within a densely populated area of over 356,000 residents within a 3-mile radius. This is a brand new power center showcases best-in-class national retailers such as Marshalls, Ross Dress For Less, PetSmart, and Ulta.

Available

+1-2,500 Square Feet

Leasing Contact
Alex Corno

Quarry Retail

NW Corner of I-35 & Stinson Blvd Minneapolis MN, 55413

Conveniently located along I-35W, Quarry Retail has a large outlot available with opportunities for single-tenant or multi-tenant buildings. This center offers an impressive mix of tenants along anchored by Home Depot and Cub Foods, and features an unobstructed visibility from New Brighton Boulevard and I-35W.

Available

+1-6,400 Square Feet

Leasing Contact
Rick Plessner

Red Top Plaza

SE Corner of Milwaukee Ave. & Red Top Dr. Libertyville IL, 60048

Conveniently located along South Milwaukee Avenue, Red Top Plaza has an outlot available with opportunities for single-tenant or multi-tenant buildings that offers unobstructed visibility and ample parking. This center features a mix of tenants that include Jewel-Osco, Pet Supplies Plus, and Athletico.

Available

+1-3,000 Square Feet

Leasing Contact
Allison Curtin

Silver Lake Village

NW & SW Corners of Silver Lake Rd & 39th Ave St. Anthony MN, 55421

Silver Lake Village has a 10,000 square-foot outlot opportunity available to join this center. Anchored by Cub Foods, the center has a number of popular national tenants including recently opened Starbucks with drive-thru.

Available

+1-8,900 Square Feet

Leasing Contact
Rick Plessner

Turfway Commons

NW Corner of Houston Blvd. & Thoroughbred Blvd. Florence KY, 41042

This development opportunity has incredible visibility from Houston Blvd with close access to I-71 with over 185,000 vehicles passing per day. Anchored by Michael’s and shadow-anchored by Sam’s Club, this center draws from a population base of nearly 146,000 residents with average household incomes of $84,000 within 5 miles.

Available

+1-6,000 Square Feet

Leasing Contact
Samantha Schnell

Tiger Point Pavilion

SE Corner of Hwy 98 & Tiger Park Ln Gulf Breeze FL, 32563

Tiger Point Pavilion will include a 45,600-square-foot Publix grocery store, a 1,400-square-foot Publix Liquors, and 3 freestanding pad buildings with a combined 19,000 square feet of space available for lease. The center will benefit from its strategic position on U.S. 98, a main travel artery for full-time residents and 5 million visitors annually, next to a WalMart Supercenter and Lowe’s Home Improvement store. Construction will begin in early 2017 and was completed early 2018.

Dunkirk Square

SW Corner of I-94 & Dunkirk Lane Maple Grove MN, 55311

Dunkirk Square is a prime location in an affluent and densely populated trade area. The redevelopment of the center included the construction of a new multi-tenant outlot building and the addition of Hobby Lobby.

Joliet Commons

NW Corner of Plainfield Rd & Hennepin Dr Joliet IL, 60435

IRC completed its redevelopment of Joliet Commons, a 228,000-square-foot retail center in Joliet, IL, with the addition of a 65,000-square-foot building for new tenants Dick’s Sporting Goods and DSW. To accommodate the new tenants, IRC redeveloped a former movie theater at the center and increased the total gross leasable area of the property by over 30,000 square feet.

Leasable Space

228,394

Leasing Contact
Alex Corno

Midtown Mobile

N-NE Corner of N Florida St & Old Shell Rd Mobile Alabama, 36607

The Midtown Mobile development will include a 39,203-square-foot Publix grocery store with pharmacy drive-thru, and 23,200-square-feet of shop space. The development is expected to begin construction in November 2016

Meacham Corners

SW Corner of Meacham Rd & Remington Rd Schaumburg IL, 60173

Located in Schaumburg’s retail “ground zero” intersection with approximately 80,000 cars per day, this development on Meacham Rd. involved demolishing a multi-story office building and in its place constructing three pad-ready parcels for single-user retail tenants.

Leasing Contact
Samantha Schnell
Compass
Fabulous In Omaha
Monique Trosper