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Hubble Deal to Close Next Week

Park district plans to approve construction bid, final agreement with developer Wednesday before closing on future Mariano's Fresh Market property.

The Hubble deal is scheduled to close next week.

The Wheaton Park District scheduled a special board meeting for Wednesday, Sep. 5, 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 Thursday.

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With plans to build a at the corner of Naperville and Roosevelt roads in Wheaton, developer Bradford Equities will purchase the property from Community Unit School District 200 for $5,000,200.

Bradford 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.

Interior demolition work would begin on the school side of Hubble almost immediately after the property closes, Benard said. The park district will not begin major work until spring of 2013, after the busy indoor sports season.

The park district will meet at 6:30 p.m. Wednesday, Sep. 5 at .

CORRECTION: The close date of the Hubble sale is not yet official. Patch originally reported it would be Sep. 6.

Other posts related to Hubble:

JDA August 30, 2012 at 03:26 PM
Mariano's can't come too soon, as far as I'm concerned.
Nancy Chovancek August 31, 2012 at 01:33 PM
I'm looking forward to having a Mariano's in Wheaton! I hear it's a great, GREAT store. Even better, I can walk to it! Yay!

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