Chicago Ridge Mall has been acquired by Florida-based Second Horizon Group. (File photo)
Florida group acquires Chicago Ridge Mall
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
St. Francis first baseman Nate Maliska earns conference POW honors
Spread the loveBy Mike Walsh Correspondent The University of St. Francis sophomore first baseman Nate Maliska was chosen the Chicagoland Collegiate Athletic Conference’s Player of the Week in baseball for April 7. In helping the Saints to four wins that week, Maliska went 9-for-15 (.600) with eight RBI and seven runs scored. The St. Laurence…
Baseball | Marist claws way back to .500
Spread the loveBy Xavier Sanchez Correspondent This season has thus far not been what Marist had expected, but the RedHawks came into this week at .500. Marist was 2-8 after 10 games this season, with three of those first eight losses coming via shutout. But the RedHawks turned things around with a stretch of eight…
Red Stars fall to Spirit for third loss in past four matches
Spread the loveBy Jeff Vorva Correspondent After enjoying one of their best starts in franchise history, the Chicago Red Stars have slid to the middle of the NWSL standings, with the latest setback being a 4-2 loss to Washington at SeatGeek Stadium. The Stars (3-3-1) entered this week having dropped three of their past four…
Red Stars take aim at NWSL attendance record with Wrigley game
Spread the loveBy Jeff Vorva Correspondent The Chicago Red Stars are thinking big when it comes to their upcoming game at Wrigley Field. The team is taking aim at the NWSL record for single-game attendance when it hosts Bay FC at the historic home of the Chicago Cubs on June 8. The record is held…
IHSA announces boys volleyball postseason assignments
Spread the loveBy Jeff Vorva Correspondent Last year, the area sent a pair of boys volleyball teams to state as Lyons finished runner-up to champion Glenbard South and Brother Rice lost in the quarterfinals. This year, both could face each other in the sectional finals. The Lions picked up the second seed and the Crusaders…
Badminton players from Reavis and Lyons going to state
Spread the loveBy Jeff Vorva Correspondent Reavis singles player Dania Amjad finished third in the Bolingbrook Sectional on May 2 to qualify for the IHSA state tournament. The Lyons doubles team of Simone Brown and Mia Graziano finished fourth in the York Sectional to qualify for state. The state finals are May 10-11 at DeKalb…
Brother Rice, Sandburg sending boats to bass fishing state tourney
Spread the loveBy Jeff Vorva Correspondent Brother Rice is sending two boats to the IHSA state bass fishing tournament. The Crusaders had first- and third-place finishes at the Des Plaines River Big Basin Marina Sectional on May 2. Sandwiched in between the Brother Rice boats was a group from Sandburg in second place. The Crusaders’…
Lions Club District 1A Helen Keller race draws big field
Spread the loveBy Kelly White The damp weather from overnight rain did not deter more than 100 people on Sunday morning from getting some exercise. The 14th annual District 1A Helen Keller 5k Fun Run/Walk proudly took place along at Harold L. Richard’s High School, 10601 Central Ave., Oak Lawn. “This is a really great…
EPCHS students collect shoes for Christmas Without Cancer Sneaker Drive
Spread the loveFrom staff reports Students in Evergreen Park Community High School’s junior physical education leadership class teamed up with the non-profit organization Christmas Without Cancer to help local families battling the devastation of cancer. The class – taught by EPCHS physical education teacher Ree McDonald – helped gather donations for Christmas Without Cancer’s second…
Swallow Cliff Chapter, NSDAR, honors JROTC cadets
Spread the loveFrom staff reports Swallow Cliff Chapter, National Society Daughters of the American Revolution, participated in recent JROTC awards ceremonies held at Shepard High School in Palos Heights and Richards High School in Oak Lawn. The DAR JROTC award, consisting of a medal and certificate, was presented to Navy Cadet Emily Schrode at Richards…
Neighbors
Mother Mac unveils new lights and scoreboard
Spread the loveBy Kelly White Across the nation, women’s sports are on the rise in terms of viewership, enthusiasm, sponsorship and excitement. Mother McAuley is no stranger to the impact that women’s athletics has on the development of an individual, strengthening of a team and key skills and attributes developed along the way. South Side…
Cicadas in the park in Palos Park
Spread the loveBy Kelly White Cicadas are coming and the Village of Palos Park is ready. The village hosted its 31st annual Arbor Day Celebration on Sunday, May 5, themed, “The Wonder of Trees” at The Center in the Lodge, 12700 Southwest Highway, with featured speaker, Tricia Bethke of The Morton Arboretum who presented, “Cicadas…
Palos Heights SD 128 sees enrollment boom
Spread the loveBy Kelly White Over the past few years, Palos Heights School District 128 has experienced an explosive growth among incoming students. There has been a significant increase particularly at Indian Hill Early Learning Center, 12800 S. Austin Ave. Chippewa Elementary School, 12425 S. Austin Ave; Navajo Elementary School, 12401 S. Oak Park Ave;…
Comings & Goings: Orange’s Pancake House now open in Palos Heights
Spread the loveBy Kelly White Palos Heights is the home of a popular new breakfast café. Orange’s Pancake House, 11845 Southwest Highway, held a ribbon-cutting event on April 18. Owners, Elvia Briones, of Virgina, and Fernando Cruz, of Evergreen Park, said they were very excited to be in the heart of the Palos Heights community.…
Sisters make Chicago Lawn a world destination
Spread the love. Kathy Headley Your correspondent in Chicago Lawn and Marquette Manor 6610 S. Francisco • (773) 776-7778 . Earlier this month was the Fifth Lithuanian Documentary Film Festival, with distinguished guests from Lithuania and other parts of the United States visiting the neighborhood. They held a photo session in the editorial office of…
Happy Mother’s Day to everyone, everyone
Spread the love. By Mary Stanek Your correspondent in Archer Heights and West Elsdon 3808 W. 57th Place • (773) 517-7796 . Yet another Mother’s Day is upon us. I wish everyone a happy day. By everyone I do mean everyone. There are a lot of dads who do it alone, along with important mother…
Mother’s Day is truly a day to be celebrated
Spread the love. Peggy Zabicki Your correspondent in West Lawn 3633 W. 60th Place • (773) 504-9327 . Mother’s Day happens on Sunday, May 12. If this isn’t something to celebrate, I don’t know what is. Motherhood means new life, new beginnings, new possibilities. Even if you won’t be seeing your mom, you can still…
Saint Xavier men’s volleyball finishes historic season in nation’s top 4
Spread the loveBy Jeff Vorva Correspondent The Saint Xavier men’s volleyball team made history by advancing to the semifinals of the NAIA Men’s Volleyball National Championship. But the Cougars fell to eventual national champion Georgetown (Kentucky), 25-21, 25-23, 22-25, 21-25, 15-10, on May 3 at Alliant Energy PowerHouse in Cedar Rapids, Iowa. Although there was…