Chicago Ridge Mall has been acquired by Florida-based Second Horizon Group. (File photo)

Chicago Ridge Mall has been acquired by Florida-based Second Horizon Group. (File photo)

Florida group acquires Chicago Ridge Mall

Spread the love

By Bob Bong

Chicago Ridge Mall opened in 1981 on the former site of the Starlite Drive-In Theater, which had closed in 1979 after a three-decade run. It was expanded in 1986.

It has had several owners over the years including the Lenhdorff Group, which bought the mall in 1986 and turned around and sold it to JMB Realty a year later. It was owned by the Westfield Group from 2004 to 2012 before it was acquired by Starwood Capital Group.

Last week, the mall was sold again, this time to Florida-based Second Horizon Capital.  Financial terms were not disclosed.

The sale came after Miami-based Starwood Capital Group missed a $76 million debt payment on the property last year, according to Crain’s Chicago Business.

Tenants at the 592,000-square-foot property include Dick’s Sporting Goods, Kohl’s, ALDI, and AMC theaters. It is about 80 percent leased.

“Chicago Ridge Mall is already a valued amenity for its community and the surrounding area, which presents an exciting opportunity for our company,” Howard Levine, co-founder and managing partner of Second Horizon Capital, said in a release. “Our objective is to enhance Chicago Ridge Mall as a go-to retail destination and inclusive economic driver for the region.”

Based in Boca Raton, Second Horizon plans to provide “significant incremental investment” to the mall, according to the release. It also noted the company has engaged JLL for ongoing property management and leasing services at facility.

Starwood’s difficulties with Chicago area retail extend beyond Chicago Ridge Mall. It surrendered the Louis Joliet Mall via deed-in-lieu of foreclosure in 2020.

For Second Horizon, Chicago Ridge Mall is the firm’s fourth acquisition, since its founding in 2021, and its first in the Chicago area.

Jersey Mike’s celebrates 14th annual Month of Giving 

Boys & Girls Clubs of Chicago and the Chicago Blackhawks Foundation are joining forces with Jersey Mike’s Subs locations in the Chicago area for the 14th annual March Month of Giving campaign to support local charities.

During the month of March, customers will have the option to round up their purchase to the nearest dollar or donate $1, $3, or $5 when placing their order.

The Month of Giving campaign will culminate with Jersey Mike’s Day of Giving on Wednesday, March 27, when local Jersey Mike’s restaurants will give 100 percent of the day’s sales – not just profit – to Boys & Girls Clubs of Chicago and the Chicago Blackhawks Foundation.

On Day of Giving, local Jersey Mike’s owners and operators throughout the country will donate their resources and every single dollar that comes in — whether in-store, online or through the app — to more than 200 different charities including hospitals, youth organizations, food banks and more.

This March, Jersey Mike’s hopes to exceed last year’s record-breaking national fundraising total of $21 million and help local charities striving to fulfill their missions and make a difference.

“I would like to extend a personal invitation to you and your family to visit Jersey Mike’s Subs throughout the month of March, and especially on Day of Giving when 100 percent of sales – every penny – goes to help a great local cause,” said Peter Cancro, Jersey Mike’s founder and CEO, who started the company when he was only 17 years old.

Since Month of Giving began in 2011, Jersey Mike’s has raised more than $88 million for local charities.

Participating locations are in Chicago, Crestwood, Flossmoor, Frankfort, Homer Glen, Lockport, New Lenox, Oak Lawn, Orland Park, Palos Heights and Tinley Park.

If you see a new business in town or wonder what happened to an old favorite, drop me a line at bobbong@hotmail.com. 

Local News

The Chicago Red Stars' Ally Schlegel said she is looking forward to playing at Wrigley Field when the team hosts Seattle there in June. IMAGN photo

Chicago Red Stars and Bay FC to play at Wrigley Field

Spread the love

Spread the loveBy Jeff Vorva Correspondent Chicago Red Stars forward Ally Schlegel loves Wrigley Field. “I adored Wrigley the second I went to my first Cubs game,” Schlegel said. “I fell in love with it thinking it was the perfect sporting experience with how they built it up down there.” She will go from a…

New Trinity Christian men's basketball coach Jordan Mast led Antelope Valley to the NAIA Tournament this season. Photo courtesy of Trinity Christian College Department of Athletics

Trinity Christian College names new hoops coaches

Spread the love

Spread the loveBy Jeff Vorva Correspondent Trinity Christian officials were busy on April 11 ushering in new eras for its basketball programs. Trolls Athletic Director Wendy Reid announced that Jordan Mast is taking over the men’s basketball program, while Jasmine Porter has been named women’s hoops coach. Mast comes to the school in Palos Heights…

Reavis baseball coach Don Erickson rakes a soggy mound during a game against Evergreen Park on April 12. The longtime Rams coach is retiring after this season. Photo by Jeff Vorva

Reavis baseball coach and Hall of Famer Don Erickson to retire after season

Spread the love

Spread the loveBy Jeff Vorva Correspondent A deal is a deal. Longtime Reavis baseball coach Don Erickson has said he would retire after his son, Sam, graduates from high school, so he can watch Sam play in college. Erickson doesn’t get to many of his son’s high school games because Sam plays at Downers Grove…

The Worth Public Library, 6917 W. 111th St., has a free Seed Library available to patrons. (Supplied photo)

Worth Library offers seeds for free

Spread the love

Spread the loveBy Kelly White A seed library collects and stores seeds and shares them with members of the community for free. Similar to a normal library, gardeners borrow seeds from the seed library at planting time. At the end of the growing seasons, they save seeds from the plants and return a portion of…

Oak Lawn Mayor Terry Vorderer joins Girl Scout Gold Award winners (from left) Maddie DeBleyzer, Aine Kelly and Lilly O'Dea during the village board meeting on Tuesday night. (Photo by Joe Boyle)

Paisans Pizza eyes May opening in Oak Lawn

Spread the love

Spread the loveBy Joe Boyle Paisans Pizzeria is a step closer to opening in Oak Lawn with the approval of a liquor license for the establishment that will be part of the Stony Creek Promenade. Plans for the restaurant were originally approved at an Oak Lawn Village Board meeting in March of 2022. Tom Phelan,…

Palos Park resident Nick Hoffman said his patience is wearing out with noise and parking problems caused by the Palos Islamic Center.

Palos Park residents, mosque reps discuss noise issues at council meeting

Spread the love

Spread the loveBy Jeff Vorva What could have been an explosive situation was actually quite civil. Some Palos Park residents were angry about loud activity and behavior of some members of the Palos Islamic Center the past two years and sounded off at the April 8 village council meeting. Fresh on their minds was noise…

The Obbie’s Pizza sign will remain a familiar sight on Archer Avenue. Taking time out for a photo are new owner John Caputi; his son, Giovanni; and Obbie’s longtime managers, Jim Triak and Jeff Twaragowski. (Photo by Cosmo Hadac)

Comings & Goings: Obbie’s Pizza to stay ‘unique and delicious’

Spread the love

Spread the loveBy Tim Hadac Archer Avenue’s long-time king of pizzerias will continue to rule. Same recipes at Obbie’s Pizza, 6654 W. Archer. Same pizza and ingredients. Same pasta, broasted chicken, shrimp, perch, Italian beef/sausage/meatball sandwiches, sides and pop. Same seasoned, Middleby Marshall pizza oven built in 1947—the type of pizza oven every restaurant owner…

stickney health district logo

Stickney Public Health confirms measles case in Bedford Park

Spread the love

Spread the loveFrom staff reports The Stickney Public Health District has confirmed that a person with measles related to the ongoing situation in the City of Chicago was at the Walmart Supercenter at 7050 S. Cicero Ave. in Bedford Park on Friday, March 22, roughly between the hours of 2 and 4 p.m. Anybody who…

Endless Summerfest in La Grange’s Gordon Park will not be held this year, sponsors have announced. (Photos by Steve Metsch)

La Grange cancels Endless Summerfest over higher costs

Spread the love

Spread the loveBy Steve Metsch It turns out the summer is not endless, at least not in La Grange. Endless Summerfest, a three-day event held the first weekend in August at Gordon Park for many years, will not be held this year. The cancelation was announced Tuesday in a joint new release from the La…

regional orland park police logo

Midlothian man arrested for Orland Park carjacking

Spread the love

Spread the loveFrom wire reports The Orland Park Police Department announced the arrest of a suspect in a vehicular hijacking that occurred on the evening of April 3. Shawn Flores, a 44-year-old Midlothian resident, faces charges following his apprehension on April 4. The incident began when a male victim was forcibly removed from his vehicle…

Neighbors

The Chicago Red Stars' Ally Schlegel said she is looking forward to playing at Wrigley Field when the team hosts Seattle there in June. IMAGN photo

Chicago Red Stars and Bay FC to play at Wrigley Field

Spread the love

Spread the loveBy Jeff Vorva Correspondent Chicago Red Stars forward Ally Schlegel loves Wrigley Field. “I adored Wrigley the second I went to my first Cubs game,” Schlegel said. “I fell in love with it thinking it was the perfect sporting experience with how they built it up down there.” She will go from a…

New Trinity Christian men's basketball coach Jordan Mast led Antelope Valley to the NAIA Tournament this season. Photo courtesy of Trinity Christian College Department of Athletics

Trinity Christian College names new hoops coaches

Spread the love

Spread the loveBy Jeff Vorva Correspondent Trinity Christian officials were busy on April 11 ushering in new eras for its basketball programs. Trolls Athletic Director Wendy Reid announced that Jordan Mast is taking over the men’s basketball program, while Jasmine Porter has been named women’s hoops coach. Mast comes to the school in Palos Heights…

Reavis baseball coach Don Erickson rakes a soggy mound during a game against Evergreen Park on April 12. The longtime Rams coach is retiring after this season. Photo by Jeff Vorva

Reavis baseball coach and Hall of Famer Don Erickson to retire after season

Spread the love

Spread the loveBy Jeff Vorva Correspondent A deal is a deal. Longtime Reavis baseball coach Don Erickson has said he would retire after his son, Sam, graduates from high school, so he can watch Sam play in college. Erickson doesn’t get to many of his son’s high school games because Sam plays at Downers Grove…

The Worth Public Library, 6917 W. 111th St., has a free Seed Library available to patrons. (Supplied photo)

Worth Library offers seeds for free

Spread the love

Spread the loveBy Kelly White A seed library collects and stores seeds and shares them with members of the community for free. Similar to a normal library, gardeners borrow seeds from the seed library at planting time. At the end of the growing seasons, they save seeds from the plants and return a portion of…

Oak Lawn Mayor Terry Vorderer joins Girl Scout Gold Award winners (from left) Maddie DeBleyzer, Aine Kelly and Lilly O'Dea during the village board meeting on Tuesday night. (Photo by Joe Boyle)

Paisans Pizza eyes May opening in Oak Lawn

Spread the love

Spread the loveBy Joe Boyle Paisans Pizzeria is a step closer to opening in Oak Lawn with the approval of a liquor license for the establishment that will be part of the Stony Creek Promenade. Plans for the restaurant were originally approved at an Oak Lawn Village Board meeting in March of 2022. Tom Phelan,…

Palos Park resident Nick Hoffman said his patience is wearing out with noise and parking problems caused by the Palos Islamic Center.

Palos Park residents, mosque reps discuss noise issues at council meeting

Spread the love

Spread the loveBy Jeff Vorva What could have been an explosive situation was actually quite civil. Some Palos Park residents were angry about loud activity and behavior of some members of the Palos Islamic Center the past two years and sounded off at the April 8 village council meeting. Fresh on their minds was noise…

The Obbie’s Pizza sign will remain a familiar sight on Archer Avenue. Taking time out for a photo are new owner John Caputi; his son, Giovanni; and Obbie’s longtime managers, Jim Triak and Jeff Twaragowski. (Photo by Cosmo Hadac)

Comings & Goings: Obbie’s Pizza to stay ‘unique and delicious’

Spread the love

Spread the loveBy Tim Hadac Archer Avenue’s long-time king of pizzerias will continue to rule. Same recipes at Obbie’s Pizza, 6654 W. Archer. Same pizza and ingredients. Same pasta, broasted chicken, shrimp, perch, Italian beef/sausage/meatball sandwiches, sides and pop. Same seasoned, Middleby Marshall pizza oven built in 1947—the type of pizza oven every restaurant owner…

stickney health district logo

Stickney Public Health confirms measles case in Bedford Park

Spread the love

Spread the loveFrom staff reports The Stickney Public Health District has confirmed that a person with measles related to the ongoing situation in the City of Chicago was at the Walmart Supercenter at 7050 S. Cicero Ave. in Bedford Park on Friday, March 22, roughly between the hours of 2 and 4 p.m. Anybody who…

Endless Summerfest in La Grange’s Gordon Park will not be held this year, sponsors have announced. (Photos by Steve Metsch)

La Grange cancels Endless Summerfest over higher costs

Spread the love

Spread the loveBy Steve Metsch It turns out the summer is not endless, at least not in La Grange. Endless Summerfest, a three-day event held the first weekend in August at Gordon Park for many years, will not be held this year. The cancelation was announced Tuesday in a joint new release from the La…

regional orland park police logo

Midlothian man arrested for Orland Park carjacking

Spread the love

Spread the loveFrom wire reports The Orland Park Police Department announced the arrest of a suspect in a vehicular hijacking that occurred on the evening of April 3. Shawn Flores, a 44-year-old Midlothian resident, faces charges following his apprehension on April 4. The incident began when a male victim was forcibly removed from his vehicle…