Business Briefing: Area Sears Stores are Going, Going, Gone | Maywood Gaming Bistro Grand Opening | Bellwood McDonald’s Under Construction

Sears.jpg

The Sears located at North Riverside mall will downsize and lease part of its lower level to an amusement complex. | Riverside-Brookfield Landmark || Below left, the Sears on North Avenue, which is scheduled to close this summer. | Wednesday Journal via Google Earth

Sears North Ave.jpgSaturday, June 24, 2017 || By Local News Curator || @maywood 

Sears Holdings recently announced that it will close 20 locations across the country in addition to the 245 store closures it announced earlier this year. One of those store closures is located at the corner of Harlem and North avenues in Chicago.

According to a Wednesday Journal report, the Chicago Sears, which includes both a store and a Sears Auto Center, is the only Illinois location that is scheduled to close.

“The store will close to the public in mid-September and the Sears Auto Center will close in late July. Until then, they will remain open for customers,” Wednesday Journal reported. “That location will begin a liquidation sale on June 30, [Sears Holdings spokesman Howard] Riefs said.”

Read the full Wednesday Journal article by clicking here.

Downsizing for amusement 

According to a June 23 Riverside-Brookfield Landmark report: “Sears is downsizing its footprint at the North Riverside Park Mall, 7501 Cermak Road, and will begin consolidating its operations in the upper level of its retail anchor location at the mall’s north end sometime in 2018.”

The Landmark report stated that Seritage Growth Properties, a real estate trust, “has leased 50 percent of Sears’ lower level in North Riverside and is working to lease the other half of the lower level, as well as the free-standing auto center.”

Seritage has entered into an agreement with Round 1, “whose family-friendly indoor amusement complexes combine bowling, arcade games, billiards, darts, ping pong and karaoke.”

Read the full Landmark article by clicking here.

Grand opening of Lacy’s Place 

Lacy’s Place, the first, and so far only, video gaming bistro in Maywood located at 611 W. Roosevelt Road, has been opened for some time now but the establishment will hold an official grand opening on Monday, June 26, 5 p.m. to 9 p.m.

The bistro’s entrance into the village was met with some controversy when its owners applied for a Class M liquor license last year.

Some residents who are opposed to gambling establishments moving into Maywood formed a petition urging the Board of Trustees to allow a non-binding referendum to be put on the ballot in the Nov. 8, 2016 election.

The referendum asked voters whether or not the village should allow gambling bistros. Maywood residents voted 56 percent to 44 percent in favor of prohibiting the issuance of any more Class M liquor licenses to vide gaming establishments, which is tantamount to a wholesale ban since, according to Lacey’s place owners, the Class M licenses are virtually a requirement for the businesses to generate revenue.

Bellwood McDonald’s undergoing $1M makeover 

Bellwood McDonald's .jpg

Construction has started on the Bellwood McDonald’s, located at 520 S. 25th Ave. In May, we reported that the store was scheduled to undergo a major image overhaul this year, according to the store’s owner, Ray Nelson.

At a business roundtable event convened by Cook County Commissioner Richard Boykin (1st) at Loyola in March, Nelson said that the store remodeling will cost around $1 million. VFP

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