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April 27, 2005

Another Marshall Field's in Chicagoland?

Even with all the previously reported hype about the future of Marshall Field's, the company just announced that they would be opening a new store in Bolingbrook, IL (about 40 miles from Old Orchard). Apparently it's part of a new shopping development called The Promenade at Bolingbrook, being built by Forest City Enterprises, a firm I've never heard of before. One wonders if this store will eventually become a Macy's.

Marshall Field's Announces Plans for New Store In Chicagoland
Tuesday April 26, 11:00 am ET
Bolingbrook to Be The Company's First Store Opening In Six Years

MINNEAPOLIS, April 26 /PRNewswire/ -- Marshall Field's today announced plans to open a new store in spring 2007 at The Promenade at Bolingbrook, a new mall development on Boughton Road near Interstate 355 and the Interstate 55 exit in Bolingbrook, Ill.

The Bolingbrook store will be Marshall Field's 18th store in Illinois and its first new full-line department store in the Chicagoland area since the opening of its Northbrook Court store in 1995 and is the retailer's first new store since its Grandville store opened in 1999. Construction of the new two-level, 180,000-square-foot Marshall Field's store will begin in fall 2005.

"We are thrilled to be part of the new growth and development of Bolingbrook and to be expanding our presence in the Chicagoland area," said Frank Guzzetta, Marshall Field's president and chief executive officer. "This is a terrific opportunity for us to create an exceptional shopping experience and introduce the Marshall Field's brand to the Bolingbrook community in a new, exciting environment."

The Promenade at Bolingbrook is a 1.1-million-square-foot retail center that is being built on two separate pieces of undeveloped land and will be linked to form a seamless shopping destination covering more than 121 acres. The first phase of The Promenade at Bolingbrook is scheduled to be completed in fall 2005, and Marshall Field's Bolingbrook will open on the south side of Boughton Road during the second phase of the development.

Source: Marshall Field's Press Release

Posted by Tannerman at April 27, 2005 10:22 AM | Categories: Anchors | News | Other Malls