- Orland Square Mall
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Orland Square Mall Location Orland Park, Illinois, United States Address 288 Orland Square Opening date 1976 Developer Homart Development Company Management Simon Property Group Owner Simon Property Group No. of stores and services 150+[1] No. of anchor tenants 4 Total retail floor area 1,210,000 sq ft (112,000 m2)[2] No. of floors 2 (Macy's has 3 floors) Website Orland Square Orland Square Mall is an upscale, enclosed shopping center in Orland Park, Illinois. It is the largest mall in the southwest suburbs of Chicago, covering an area of over 1.2 million ft².[3] The mall has been a hub for commercial activity and development, driving dramatic growth in the surrounding area for the past 20 years.[4] It serves as a major retail destination for the communities of Frankfort, Homer Glen, Mokena, New Lenox, Oak Forest, Orland Hills, Orland Park, and Tinley Park.
Contents
History
Orland Square Mall opened in 1976; originally developed by Homart Development Company, it was eventually acquired by Simon Property Group. Orland Square underwent a major renovation in 1995, in an effort to keep its luxury image. It has not received any remodeling since then and, although the mall is maintained well, the design is becoming dated.
In 2001, the 6-screen theatre at Orland Square closed due to competition from a newly opened Orland Park Theatre by Marcus Cinemas. The structure has remained empty for nearly a decade, and various ideas for other uses have never been realized. As of January 2011, plans are being made by the village's board for a special zoning permit that would allow a Dave & Buster's restaurant to fill the vacant building.[5][6]
Events
Property Assessment & Tax Dispute
Multiple lawsuits regarding the mall's property assessments have been ongoing since 2005. The mall's owner Simon Property Group has disputed the assessments made from 2005 to 2009, which were used as a basis to determine their tax liabilities.Property Assessments ($ million) 2005-2007 2008 2009 Actual Assessment $31.8 $33.0 $33.0 Simon (claim) $22.8 $22.8 $15.0
In late 2010, all of the lawsuits were consolidated, and hearings have been scheduled to resolve the issue. If Simon Property Group is successful in arguing that it has overpaid taxes for five years, the affected districts would refund approximately $11.8 million to the mall owner.[7][8]Anchors
- Carson Pirie Scott
- JCPenney
- Macy's
- Sears
References
- ^ "Orland Square Directory". Simon Property Group. http://www.simon.com/mall/malldirectory.aspx?id=189. Retrieved 2011-03-09.
- ^ "Orland Square". Simon Property Group. http://www.simon.com/about_simon/leasing/LocalMall.aspx?id=189. Retrieved 2011-03-09.
- ^ "Orland Square Mall". The Official Web Site of the Illinois Office of Tourism. http://www.enjoyillinois.com/search.aspx?ccid=7903&catname=Shopping&rgn=Chicagoland. Retrieved 2011-03-09.
- ^ Larry A. McClellan (2004). "Orland Park, IL". The Encyclopedia of Chicago. Chicago: The Newberry Library. p. 936. http://www.encyclopedia.chicagohistory.org/pages/936.html. Retrieved 2011-03-09.
- ^ "Arcade For Adults Planned In Orland Park". CBS Local. January 15, 2011. http://chicago.cbslocal.com/2011/01/15/arcade-for-adults-planned-in-orland-park/.
- ^ "Orland Square Cinemas". Cinema Treasures. http://cinematreasures.org/theater/5369/. Retrieved 2011-03-10.
- ^ Rick Rouan (November 5, 2010). "Orland Square Mall tax objections consolidated". TribLocal (Chicago Tribune). http://triblocal.com/orland-park/2010/11/05/orland-square-mall-tax-objections-consolidated/.
- ^ Ben Feldheim (September 12, 2010). "Orland Square Mall Owners Want a Big Chunk of Change Back". Orland Park Patch. http://orlandpark.patch.com/articles/95-million-tax-assessment-case-continues-sept-29.
External Links
- Orland Square Official website
Categories:- Shopping malls in Illinois
- Simon Property Group
- Shopping malls in Cook County, Illinois
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