After agreeing to buy the shuttered Macy’s building at Spring Hill Mall, West Dundee trustees on Monday night voted to purchase the former Sears building.
West Dundee can now check the former Sears store at Spring Hill Mall off its shopping list.
Trustees on Monday unanimously agreed to spend $2 million to buy the shuttered anchor building. The planned purchase is the village’s latest move in an attempt to clear the path for a developer to re-imagine the troubled mall.
“I think it’s a great move,” West Dundee Trustee Thomas Price said. “The mall needs help. … This gives us that much more control.”
“It’s better than waiting until the bitter end,” added Trustee Andy Yuscka.
Spring Hill Mall, which village officials say has a 20% to 25% occupancy rate, is split between West Dundee and Carpentersville. The 192,000-square-foot former Sears building, owned by Transformco, sits on 14 acres in West Dundee.
The decision to buy the former Sears building comes two weeks after village trustees approved spending $1.25 million to buy the former Macy’s building. Sears and Macy’s closed their Spring Hill Mall stores in early 2020.
The village anticipates it will close on both properties within the next 30 to 45 days.
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