Bradford Equities will close on the old Hubble school property with District 200 this Friday, Sep. 7, and begin asbestos removal Monday, Sep. 10, developers said Wednesday.
With plans to build a at the corner of Naperville and Roosevelt roads in Wheaton, Bradford will purchase the property from Community Unit School District 200 for $5,000,200. Bradford CFO Chad Jones said he expects Mariano's will open in October 2013.
Bradford from District 200 last summer. The Wheaton Park District partnered with the developer, and will buy a portion of the property to maintain its gym and outdoor recreation space.
The Wheaton Park District will buy part of the Hubble school building from Bradford for $3 million, to keep the three gyms it uses for athletics. Bradford will also donate a parcel of open space for athletic fields to the park district. The two will also swap Bradford's open space at the corner of Main Street and Roosevelt Road for the park district's Central Park property.
The Wheaton Park District met for a special board meeting Wednesday night to finalize its agreement with Bradford Equities to divvy up the park district's portions of the property. The board will also award a construction contract for work in the school's gyms, parks Executive Director Mike Benard said.
District 200 Superintendent Dr. Brian Harris wrote in an email Wednesday, "We are very happy to be finally closing the sale of this property. We are looking forward to the redevelopment."
District 200 Board President Rosemary Swanson wrote in an email, "This is an important milestone for our district and its communities. We thank everyone who worked to bring about a promising new future for this property."
The park district will not begin major work until spring of 2013, after the busy indoor sports season. Bradford CFO Chad Jones said neighbors have been alerted of the asbestos removal.
Jones said neighbors should receive their letters regarding the work Friday or Saturday.
The letter reads:
On behalf of Mariano's Fresh Market and the Wheaton Park District, Bradford Real Estate is issuing this notification to inform you that abatement and demolition of the old Hubble Middle School building at 603 S. Main Street is scheduled to commence September 10, 2012.
If you should have any questions or comments, please feel free to contact us. Bradford Real Estate, Wheaton Park District and Mariano's Fresh Market wish to be sensitive to its neighbors.
There are plenty of ways to keep up on Wheaton's local news: