Oakbrook Center

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Oakbrook Center
Location Oak Brook, Illinois
Coordinates 41°51′2″N 87°57′11″W / 41.85056°N 87.95306°W / 41.85056; -87.95306Coordinates: 41°51′2″N 87°57′11″W / 41.85056°N 87.95306°W / 41.85056; -87.95306
Address

100 Oakbrook Center,

Oak Brook, Illinois, 60523
Opening date 1962
Developer Philip M. Klutznick
Management General Growth Properties
Owner General Growth Properties &
CalPERS
Architect Richard Marsh Bennett of Loebl, Schlossman and Bennett [1]
No. of stores and services 160 [2]
No. of anchor tenants 6
Total retail floor area 2,018,000 ft²
No. of floors

3

[3]
Website oakbrookcenter.com

Oakbrook Center is a shopping center located near Interstate 88 and Route 83 in Oak Brook, Illinois. It was originally opened in 1962. Managed and co-owned by General Growth Properties, it is the second largest shopping center in the Chicago metropolitan area, by gross leasable area, only surpassed by Woodfield Mall in Schaumburg, Illinois.[2] Current anchor stores include Lord & Taylor, Macy's, (formerly Marshall Field's), Neiman Marcus, Nordstrom and Sears.

History[edit]

Oakbrook Center, originally to be named Oakbrook Terrace (but the name was changed when a town near the mall took that name), opened in 1962 with Sears and Marshall Field's, as well as a Jewel Food Store. Bonwit Teller was later added, as was Lord & Taylor in 1973 on the south side. I. Magnin, Saks Fifth Avenue, and Neiman Marcus joined the center in a 1981-1982 expansion that doubled the physical size of the center with a new southeast court.

In 1987, a four-screen movie theater (which closed in 2001) was added near Saks Fifth Avenue. Bonwit Teller closed their location in 1990, while I. Magnin was shuttered in January 1991, with its former site subdivided in 1994 for specialty stores, including Eddie Bauer and Tiffany & Company. In 1991 a new two-story, open-air addition opened northeast of Sears. Built on top of a parking garage it added 210,000 ft² of mall retail and a 220,000 ft² Nordstrom.

Saks Fifth Avenue closed their store in 2002 and sold the store to Federated Department Stores, which used the site to open a 90,000 sq.ft., three story Bloomingdale's Home store on September 12, 2003. Marshall Field's adopted the Macy's name on September 8, 2006.

General Growth Properties acquired a half-interest and management of the mall in 2004, when it acquired The Rouse Company (which had itself acquired its stake the mall in 2002). It is currently co-owned with an institutional investor, the California Public Employees' Retirement System.

On January 4, 2012, Bloomingdale's announced that it would close its Oakbrook Home store by March of the year. Two years later, that building was split and fully leased out to six smaller tenants: The Container Store on the first level; Lululemon Athletica, Tommy Bahama, Hugo Boss, and Aritzia on the second level; and the first Pirch store outside of California on the third level. PIRCH announced in 2017 that its store at the mall will close on September 30 as it falls back to its original California roots. Dave and Buster's will move into that location in 2018.

In August 2014, Le Méridien opened a 172 guestroom hotel, which is their first in the state of Illinois. [3]

On June 20, 2017, Sears announced that their Oakbrook Center store would be closed temporarily in September 2017. It will reopen in the summer of 2018 using only the first level of the building, while the leftover space will be occupied by KidZania on the second and third levels by 2019. Additionally, the Sears Auto Center at Oakbrook Center closed permanently in March 2018. [4]

On February 26, 2018, Lord & Taylor announced they will close their location in January 2019.[5]

The sales tax rate for Oak Brook, Illinois (DuPage County) is 7.75%.

References[edit]

External links[edit]