Businesses looking to open or relocate need to seriously consider Aurora’s Route 59 corridor. This regionally significant location has been renewed and revitalized as a prime destination to live, work and play. Recent information received from Ward 10 Alderwoman Shweta Baid’s office has revealed interesting insight as to the exciting business possibilities that exist along this promising Aurora corridor.
The Future of Route 59
To say that the Route 59 corridor has come a long way in recent years is an understatement! Since 2012, the retail market has seen a tremendous shift toward online shopping. As such, there has been renewed focus on creating a revitalized and enhanced commercial corridor along Route 59 in order to maximize retailers’ investments.
The City of Aurora continues to encourage development in this district that strengthens the community and is sustainable into the future. For example, residential projects that are planned for the upcoming years include developments for rental units, for-sale townhomes and senior housing on the former Cedarwood property. Also, future commercial plans include mixed-use developments at the Brach Brody property and continued focus on current retail locations including Fox Valley Mall and Pacifica Square. Additionally, increased investment in experiential retail concepts will continue to attract more visitors to existing shopping areas while creating memorable shopping experiences.
Advantages to Businesses
According to Alderwoman Baid’s office, “the Route 59 corridor is considered to be the second most significant retail corridor in the State of Illinois, second only to the Magnificent Mile in Chicago, in terms of commercial square feet and retail sales. The investment seen throughout this corridor has already been millions of dollars. We are very fortunate to have property owners and developers that believe in the corridor and are helping to reimagine the possibilities”.
Look to Invest Aurora to Get Started
Opening or expanding a business can be a daunting task but the Invest Aurora team is dedicated to helping you navigate the process. Our economic development specialists have an incredible array of resources and services available to assist current and potential Aurora business owners in successfully establishing their business.
From site selection and planning your opening strategy, to applying for necessary licenses and city approvals, we have the experience to ensure you get the help you need. We can even assist in locating and applying for important financial incentive programs that can help you maximize your return on investment. Reach out to the Invest Aurora team at 630-256-3160 or email@example.com to ask a question or schedule a meeting with one of our representatives.