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District 200 Sells Hubble

District 200 accepts offer for $5,000,200 for old Hubble school property from Bradford Equities, LLC.

After more than a decade of discussions, District 200 has answered the question of what will happen to the old Hubble school property.

The District 200 board of education passed a resolution Thursday to accept an offer for $5,000,200 from Bradford Equities, LLC for the old Hubble school property.

Board member Andy Johnson said he thinks the sale is "a good deal for everybody," after recalling discussions in the late '90s about what would happen to Hubble. "It's great to finally be here," he said.

Board member Barb Intihar commended the board and district administrators for their work in selling the property. She said that looking back at the Hubble timeline, "I realized we started to sell and market this property in earnest in December of 2010 ... in six months, in a down market, you've (superintendents) done a remarkable job ... I'm very pleased we're here and I fully intend to celebrate."

Bradford will give its earnest money payment of $200,000 and has seven months to investigate the property, conduct due diligence and obtain any necessary government approvals, according to a District 200 press release. Further, Bradford will not solicit or accept any tax increment financing in connection with the redevelopment of the site.

Bradford Equities first emerged publicly as a factor in the property's future when the Wheaton Park District released its letter of intent May 16 purchase the property and sell a portion of it to them. The letter included plans for Bradford to partner with Roundy's Supermarkets to bring a Mariano's Fresh Market to the site.

Mike Benard, executive director of the Wheaton Park District, said May 16 that in an ideal situation, Mariano's could open by early 2013.

Rosemary Swanson, president of the District 200 board said Thursday, "Hopefully, a grocery store seems to be in everybody’s interest … hopefully that will have a chance of going forward." 

She added that the sale reflects, "how good people—being persistent about what's best for the community, from many different perspectives—can come together and have a more elegant solution to a problem that at first seems like it's a little hard to figure out."

Jim McMahon July 01, 2011 at 01:48 AM
Good no TIF money, lets hope they do something with it soon.
Louise July 01, 2011 at 02:20 AM
Regardless of how each of us has felt about this in the last 5 years, thru thick and thin, boom and recession, it is time to move on. Congratulations to Bradford Equities and CUSD 200. Develop the site into something we can all be proud to use, whether it be grocery, retail, residential and/or open land.
Doug Johnson July 01, 2011 at 04:07 AM
i hope they turn it into a grocery store cause people need a store downtown
Tom Mouhelis July 01, 2011 at 03:49 PM
I would suggest a ride to Mariano's in Arlington Heights to see a great operation in action. Grocery, pharmacy and a liquor department all combined in a positive way.
Mark Kmiecik July 01, 2011 at 10:58 PM
At lest the site will be put on the tax rolls. The long suffering property owners win one here considering over 23% of all the property in Wheaton is tax exempt and off the rolls.
jim July 02, 2011 at 09:06 PM
Downtown had a grocery store. Let use that spot not the Hubble spot. I have been a long time resident of Wheaton, 45 years, and I am disgusted to think of how many grocery stores we will have in such a small radius.
John Bundy November 04, 2011 at 06:29 PM
I some times teach at DeVry in Chicago and they just put in a Mariano's near Belmont and Western. Its a lot like Whole Foods, but maybe a little less expensive. I often go there for lunch from the salad bar. I look forward to having a grocery store I can walk to again. My wife and I really miss the Jewel/Osco on Willow.

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