Oakbrook Center
Encyclopedia
Oakbrook Center is an upscale super-regional shopping center located near Interstate 88
in Oak Brook, Illinois
. It was originally opened in 1962 and has become the largest open-air center in the contiguous United States (the Ala Moana Center
in Hawaii
is larger) with over 160 stores and restaurants. Managed and co-owned by General Growth Properties
, it is the second largest shopping center in the Chicago
area, by gross leasable area
. Current anchor stores include Bloomingdale's Home
, Lord & Taylor
, Macy's, (formerly Marshall Field's
), Neiman Marcus
, Nordstrom
and Sears
.
, as well as a Jewel Food Store
. Bonwit Teller
was later added, as was Lord & Taylor
in 1973 on the south side. I. Magnin
, Saks Fifth Avenue
, and Neiman Marcus
joined the center in a 1981-1982 expansion that doubled the physical size of the center with a new southeast court.
In 1987, a four-screen movie theater (which closed in 2001) was added near Saks Fifth Avenue. Bonwit Teller closed their location in 1990, while I. Magnin was shuttered in January 1991, with its former site subdivided in 1994 for specialty stores, including Eddie Bauer
and Tiffany & Company. In 1991 a new two-story, open-air addition opened northeast of Sears. Built on top of a parking garage it added 210,000 ft² of mall retail and a 220,000 ft² Nordstrom
.
Saks Fifth Avenue
closed their store in 2002 and sold the store to Federated Department Stores
, which used the site to open a Bloomingdale's
Home store on September 12, 2003. Marshall Field's
adopted the Macy's name on September 8, 2006.
General Growth Properties
acquired a half-interest and management of the mall in 2004, when it acquired The Rouse Company
(which had itself acquired its stake the mall in 2002). It is co-owned with an institutional investor
, the California Public Employees' Retirement System
.
The sales tax rate for Oak Brook, Illinois
(DuPage County) is 7.75%.
Interstate 88 (west)
Interstate 88 is an intrastate Interstate Highway in the state of Illinois. It runs from an interchange with Interstate 80 near Silvis and Moline to an interchange with Interstates 290 and 294 in Hillside, near Chicago...
in Oak Brook, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
. It was originally opened in 1962 and has become the largest open-air center in the contiguous United States (the Ala Moana Center
Ala Moana Center
Ala Moana Center in Honolulu is the largest shopping mall in Hawaii, the fifteenth largest shopping mall in the United States, and the largest open-air shopping center in the world....
in Hawaii
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...
is larger) with over 160 stores and restaurants. Managed and co-owned by General Growth Properties
General Growth Properties
General Growth Properties, Inc. is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White...
, it is the second largest shopping center in the Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
area, by gross leasable area
Gross leasable area
Gross leasable area in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented...
. Current anchor stores include Bloomingdale's Home
Bloomingdale's
Bloomingdale's is an American department store owned by Macy's, Inc. .Bloomingdale's started in 1861 when brothers Joseph and Lyman G. Bloomingdale started selling hoop-skirts in their Ladies Notions' Shop on Manhattan's Lower East Side...
, Lord & Taylor
Lord & Taylor
Lord & Taylor, colloquially known as L&T, or LT, based in New York City, is the oldest upscale, specialty-retail department store chain in the United States. Concentrated in the eastern U.S., the retailer operated independently for nearly a century prior to joining American Dry Goods...
, Macy's, (formerly Marshall Field's
Marshall Field's
Marshall Field & Company was a department store in Chicago, Illinois that grew to become a major chain before being acquired by Macy's Inc...
), Neiman Marcus
Neiman Marcus
Neiman Marcus, formerly Neiman-Marcus, is a luxury specialty retail department store operated by the Neiman Marcus Group in the United States. The company is headquartered in the One Marcus Square building in Downtown Dallas, Texas, and competes with other department stores such as Saks Fifth...
, Nordstrom
Nordstrom
Nordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings...
and Sears
Sears, Roebuck and Company
Sears, officially named Sears, Roebuck and Co., is an American chain of department stores which was founded by Richard Warren Sears and Alvah Curtis Roebuck in the late 19th century...
.
History
Oakbrook Center, originally to be named Oakbrook Terrace (but the name was changed when a town near the mall took that name), opened in 1962 with Sears and Marshall Field'sMarshall Field's
Marshall Field & Company was a department store in Chicago, Illinois that grew to become a major chain before being acquired by Macy's Inc...
, as well as a Jewel Food Store
Jewel (supermarket)
Jewel-Osco is a supermarket chain headquartered in Itasca, Illinois, a Chicago suburb. Jewel-Osco has 182 stores across northern, central, and western Illinois; eastern Iowa; and portions of northwest Indiana.Jewel-Osco and Jewel are currently wholly owned subsidiaries of Eden Prairie,...
. Bonwit Teller
Bonwit Teller
Bonwit Teller was a department store in New York City founded by Paul Bonwit in 1895 at Sixth Avenue and 18th Street. In 1897 Edmund D. Teller was admitted to the partnership and the store moved to 23rd Street, East of Sixth Avenue...
was later added, as was Lord & Taylor
Lord & Taylor
Lord & Taylor, colloquially known as L&T, or LT, based in New York City, is the oldest upscale, specialty-retail department store chain in the United States. Concentrated in the eastern U.S., the retailer operated independently for nearly a century prior to joining American Dry Goods...
in 1973 on the south side. I. Magnin
I. Magnin
I. Magnin & Company was a San Francisco, California-based high fashion and specialty goods luxury department store. Over the course of its existence, it expanded across the West into Southern California and the adjoining states of Arizona, Oregon, and Washington...
, Saks Fifth Avenue
Saks Fifth Avenue
Saks Fifth Avenue is a luxury American specialty store owned and operated by Saks Fifth Avenue Enterprises , a subsidiary of Saks Incorporated. It competes in the high-end specialty store market in the Upper East Side of Manhattan, i.e. 'the 3 B's' Bergdorf, Barneys, Bloomingdale's and Lord & Taylor...
, and Neiman Marcus
Neiman Marcus
Neiman Marcus, formerly Neiman-Marcus, is a luxury specialty retail department store operated by the Neiman Marcus Group in the United States. The company is headquartered in the One Marcus Square building in Downtown Dallas, Texas, and competes with other department stores such as Saks Fifth...
joined the center in a 1981-1982 expansion that doubled the physical size of the center with a new southeast court.
In 1987, a four-screen movie theater (which closed in 2001) was added near Saks Fifth Avenue. Bonwit Teller closed their location in 1990, while I. Magnin was shuttered in January 1991, with its former site subdivided in 1994 for specialty stores, including Eddie Bauer
Eddie Bauer
Eddie Bauer Holdings Inc. is a holding company that operates the Eddie Bauer clothing store chain, headquartered in Bellevue, Washington, United States. EBH was formed after Eddie Bauer's former parent company, Spiegel, Inc., went bankrupt in 2003...
and Tiffany & Company. In 1991 a new two-story, open-air addition opened northeast of Sears. Built on top of a parking garage it added 210,000 ft² of mall retail and a 220,000 ft² Nordstrom
Nordstrom
Nordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings...
.
Saks Fifth Avenue
Saks Fifth Avenue
Saks Fifth Avenue is a luxury American specialty store owned and operated by Saks Fifth Avenue Enterprises , a subsidiary of Saks Incorporated. It competes in the high-end specialty store market in the Upper East Side of Manhattan, i.e. 'the 3 B's' Bergdorf, Barneys, Bloomingdale's and Lord & Taylor...
closed their store in 2002 and sold the store to Federated Department Stores
Federated Department Stores
Macy's, Inc. is a department store holding company and owner of Macy's and Bloomingdale's department stores. Macy's Inc.'s stores specialize mostly in retail clothing, jewelery, watches, dinnerware, and furniture....
, which used the site to open a Bloomingdale's
Bloomingdale's
Bloomingdale's is an American department store owned by Macy's, Inc. .Bloomingdale's started in 1861 when brothers Joseph and Lyman G. Bloomingdale started selling hoop-skirts in their Ladies Notions' Shop on Manhattan's Lower East Side...
Home store on September 12, 2003. Marshall Field's
Marshall Field's
Marshall Field & Company was a department store in Chicago, Illinois that grew to become a major chain before being acquired by Macy's Inc...
adopted the Macy's name on September 8, 2006.
General Growth Properties
General Growth Properties
General Growth Properties, Inc. is a publicly traded real estate investment trust in the United States. It is based in Chicago, Illinois at 110 North Wacker Drive, a historic building designed by architectural firm Graham, Anderson, Probst & White...
acquired a half-interest and management of the mall in 2004, when it acquired The Rouse Company
The Rouse Company
The Rouse Company, founded by James W. Rouse in 1939, was a publicly held shopping mall and community developer from 1956 until 2004, when General Growth Properties Inc...
(which had itself acquired its stake the mall in 2002). It is co-owned with an institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
, the California Public Employees' Retirement System
CalPERS
The California Public Employees' Retirement System or CalPERS is an agency in the California executive branch that "manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families"...
.
The sales tax rate for Oak Brook, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
(DuPage County) is 7.75%.
Anchors & major retailers
- Bloomingdale's HomeBloomingdale'sBloomingdale's is an American department store owned by Macy's, Inc. .Bloomingdale's started in 1861 when brothers Joseph and Lyman G. Bloomingdale started selling hoop-skirts in their Ladies Notions' Shop on Manhattan's Lower East Side...
(91,634 ft²) - Crate & Barrel (57,899 ft²)
- H & M (15,621 ft²)
- Lord & TaylorLord & TaylorLord & Taylor, colloquially known as L&T, or LT, based in New York City, is the oldest upscale, specialty-retail department store chain in the United States. Concentrated in the eastern U.S., the retailer operated independently for nearly a century prior to joining American Dry Goods...
(101,997 ft²) - Macy'sMacy'sMacy's is a U.S. chain of mid-to-high range department stores. In addition to its flagship Herald Square location in New York City, the company operates over 800 stores in the United States...
(375,764 ft²) - Mark Shale (24,201 ft²)
- Neiman MarcusNeiman MarcusNeiman Marcus, formerly Neiman-Marcus, is a luxury specialty retail department store operated by the Neiman Marcus Group in the United States. The company is headquartered in the One Marcus Square building in Downtown Dallas, Texas, and competes with other department stores such as Saks Fifth...
(112,099 ft²) - NordstromNordstromNordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings...
(220,036 ft²) - Pottery BarnPottery BarnPottery Barn is an American-based home furnishing store chain with retail stores in the United States, Canada and Puerto Rico. Since September 1986, when it was purchased from GAP, Inc, Pottery Barn is a wholly owned subsidiary of Williams-Sonoma, Inc....
(26,011 ft² total, Pottery Barn - 18,011 ft², Pottery Barn Kids - 8,000 ft²) - Sears (284,048 ft²)
Restaurants
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Neiman Marcus Neiman Marcus, formerly Neiman-Marcus, is a luxury specialty retail department store operated by the Neiman Marcus Group in the United States. The company is headquartered in the One Marcus Square building in Downtown Dallas, Texas, and competes with other department stores such as Saks Fifth... Nordstrom Nordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings... Nordstrom Nordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings... Sbarro Sbarro is a bankrupt chain of pizza restaurants that specializes in traditional Italian cuisine, including its most popular menu item "pizza by the slice." Its headquarters is located in Melville, Huntington, New York.- History :... Starbucks Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington. Starbucks is the largest coffeehouse company in the world, with 17,009 stores in 55 countries, including over 11,000 in the United States, over 1,000 in Canada, over 700 in the United Kingdom, and... |
Stir Crazy (restaurant) Stir Crazy is a restaurant chain based in Chicago, Illinois that specializes in Asian-style stir fry food and other Asian-themed dishes. Stir Crazy features a Market Bar or "build your own stir fry" menu, where the customer creates a custom stir fry dish from about 30 different vegetables, spices,... Subway (restaurant) Subway is an American restaurant franchise that primarily sells submarine sandwiches and salads. It is owned and operated by Doctor's Associates, Inc. . Subway is one of the fastest growing franchises in the world with 35,519 restaurants in 98 countries and territories as of October 25th, 2011... |