OF BROOKFIELD ó During its meeting Wednesday, the Community
Development Authority approved the developerís agreement for
the upscale retail and residential The Corners project.
Town Administrator Rick Czopp said there was some basic
discussion and questions asked about the project and the CDA
approved the developerís agreement, which was approved by
the Town Board on Feb. 18.
Last week, Marcus Corporation said it had entered a joint
venture agreement with IM Properties and Bradford Real
Estate to lead the project valued at close to $200 million.
IM Properties and Bradford will serve as the managing member
in the joint venture and The Marcus Corporation will remain
as a partner in the joint venture, according to the
Czopp said a fence has been placed around the property and
demolition should begin soon. The target completion date for
the 750,000-square-foot The Corners is fall 2016. Also
included in the project is a Von Maur department store,
luxury apartments and restaurants.