After agreeing to buy the former Macy’s at Spring Hill Mall, West Dundee trustees are expected to vote Monday on a proposal to acquire the former Sears on the mall property.
West Dundee trustees are returning to Spring Hill Mall for another shopping trip — this time to buy the former Sears building for $2 million.
Trustees on Monday are expected to approve an ordinance authorizing the purchase. The move comes two weeks after trustees voted to buy the former Macy’s at the mall that straddles both West Dundee and Carpentersville.
With the Sears purchase, only two other property owners remain at the mall — Kohl’s and Kohan Retail Investment Group, which owns the former Carson Pirie Scott building and the interior of the mall.
“We do have an interest in the remainder of the mall, and I hope that we can come to a positive resolution with the Kohan group,” West Dundee Village President Chris Nelson said Wednesday.
Nelson declined to say if the village has made an offer on the mall property. However, Carpentersville officials earlier this month said they were made aware that West Dundee had made an offer to buy the it.
A representative for the New York-based Kohan group did not return calls Wednesday.
“I think we still need to have a deeper discussion with Kohan,” Nelson said. “Having the anchors is a critical step, but it’s still short of where we need to be.”
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Related: “‘Value is in the land’: West Dundee looks to buy Macy’s spot with eye on redeveloping Spring Hill,” “West Dundee to own part of Spring Hill Mall”
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