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Development

Our development program is designed for retailers seeking new or additional locations within our markets. We manage projects directly and also work with our trusted third party development partners.

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

  • Single-Tenant Build to Suit
  • Multi-Tenant Construction

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

    • Market research
    • Engagement
    • Development planning
    • Marketing
    • Construction and stabilization
    • Project management
    • Lease-up

    For new construction and tenant build-outs, we use energy efficient HVAC, lighting, insulation and roofing materials as well as recycling our waste. Ground-up development provides a valuable opportunity for retailers to enter an established IRC market or to expand their presence within our shopping centers. These initiatives are a proven way to increase the size and quality of our portfolio.


    • All Developments
    • Opportunities
    • Developments In Progress

    Stuart’s Crossing

    502-652 Kirk Road St. Charles IL, 60174

    Stuart’s Crossing has great redevelopment potential with up to 80,000 sq ft of available space. Additionally, the center has excellent visibility and access for 50,000 passing cars a day on North Avenue and Kirk Roads in St. Charles.

    Available Space

    80,000 SF

    Leasing Contact
    Mike Fitzgerald

    Shops at Lakemoor

    SWC Route 120 & Route 12 Lakemoor IL, 60050

    This site offers 640,000 square feet for potential retail and/or restaurant development. The property is located at a strategic intersection in Lake County with over 50,000 passing cars and 40 planned residential projects within a 5 mile radius.

    Leasable Space

    640,000 SF

    Leasing Contact
    Mike Fitzgerald

    North Aurora Towne Center

    Orchard Rd & I-88 North Aurora IL, 60542

    This master planned development along I-88 and Orchard Road in North Aurora offers anchor and pad site development opportunities to join national retailers such as JC Penney, Target, Ashley Furniture, Best Buy, Michaels, Dollar Tree, Famous Footwear, Petco, and others.

    Leasable Space

    1 Acre-20 Acres

    Leasing Contact
    Mike Fitzgerald

    Tiger Point Pavilion

    1430 Tiger Park Lane 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 is expected to be completed in the first quarter of 2018.

    Leasable Space

    66,000 sq ft

    Leasing Contact
    Mike Fitzgerald

    Midtown Mobile

    Northeast corner of Old Shell Road and N. Florida Street Mobile Alabama,

    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 with an estimated completion in Fall 2017.

    Leasable Space

    62,403 sq ft

    Leasing Contact
    Mike Fitzgerald

    Meacham Corners

    1300 Meacham Road Schaumburg IL,

    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
    Mike Fitzgerald

    Weaverville Plaza

    93-173 Weaverville Boulevard Weaverville NC,

    The Weaverville Plaza project included the ground-up construction of a new Publix grocery store, which opened in February of 2017, and the cosmetic renovation of retail shop space.

    Leasable Space

    133,965 sq ft

    Leasing Contact
    Mike Fitzgerald

    Evergreen Promenade

    2601 W. 95th Street Evergreen Park IL,

    This newly developed shopping center is anchored by Mariano’s and PetSmart. Evergreen Promenade is strategically located along heavily traveled 95th street, amongst a busy retail corridor.

    Leasable Space

    92,423 Sq Ft

    Leasing Contact
    Mike Fitzgerald

    Pulaski Promenade

    West 42nd St and South Pulaski Ave Chicago IL,

    This shopping center, located on the southwest side of Chicago, IL, encompasses approximately 123,000 sq ft of retail space.

    Leasable Space

    122,834 sq ft

    Leasing Contact
    Mike Fitzgerald

    Tanglewood Pavilions

    3850 Conlon Way Elizabeth City NC, 27909

    This northeastern North Carolina power-center features 158,000 square feet of in-demand national retailers such as Ross Dress for Less, TJ Maxx, Hobby Lobby and Dollar Tree.

    Leasable Space

    158,500 Sq Ft

    Leasing Contact
    Mike Fitzgerald

    The Shoppes at Rainbow Landing

    Intersection of Rainbow Drive (US Highway 411) and Alabama Highway 77 Rainbow City Alabama,

    This completed development features a 45,600 square-foot Publix grocery store, about 16,000 square feet of shop space and two outlots available for future development.

    Leasable Space

    64,802 Sq Ft

    Leasing Contact
    Allison Kuchny Curtin

    Mokena Marketplace

    SWC W. Lincoln Highway & Wolf Rd Mokena IL,

    At Mokena Marketplace, IRC completed construction of a new store for Binny’s Beverage Depot. Additional outlots are available for build to suit, ground lease or sale.

    Leasable Space

    64,208 Sq Ft

    Leasing Contact
    Mike Fitzgerald

    Diffley Marketplace

    1012 - 1020 Diffley Rd Eagan MN,

    IRC completed the ground-up development of an outlot building for Teresa’s Mexican Restaurant. This restaurant joins tenants such as Cub Foods, Anytime Fitness and Great Clips.

    Leasing Contact
    Sean Quinn
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