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Plans Continue To Bloom For 'Pearl'

pearl

By TODD WESSELL
Journal & Topics Editor

The identities of two planned restaurants in Rosemont’s new Pearl District were revealed Wednesday, March 8, as well as a decision to grant the developer of a new 165-room hotel a $3 million financial incentive to help pay for construction costs.

Carmine’s, an Italian eatery operated by Rosebud Restaurants, and Austin-TX-based Trulucks restaurant, will occupy spots along the west side of the Tri-State Tollway (I-294) south of Balmoral Avenue. They will join entertainment venue Dave & Buster’s in the Pearl District as part of a massive development plan that includes a minor league baseball stadium, two multi-level parking garages and a 30,000 sq. ft. office building, all of which will open in the spring or summer 2018.

The hotel, a Hilton brand, is being developed by Janko Group of North suburban Deerfield. Rosemont Mayor Brad Stephens said following Wednesday’s monthly village board meeting that the identity of the single tenant that will occupy the office building is expected to soon be announced.

The Pearl District is just the latest in a string of developments in Rosemont over the last several years that include MB Financial Park entertainment center, a fashion outlet mall, a new softball stadium and a domed athletic facility. This latest project encompasses village-owned property north and south of Balmoral Avenue along the tollway.

Trulucks, according to Mayor Stephens, has 11 locations in Florida, Texas and California, and specializes in seafood. It will lease between 12,000 and 14,000 sq. ft. of space from the village while Carmine’s will lease approximately 12,000 sq. ft.

Overall, total redevelopment costs north and south of Balmoral, could reach $150 million. The Rose hotel’s price tag is an estimated $37 million and the minor league ballpark $60 million. Separate parking decks will be built on both sides of Balmoral.

 
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