The Biz Week That Was: Oberweis buyer, new homes for Barrington among highlights
Winnetka-based private equity firm wins auction to buy Oberweis Dairy
A Winnetka-based private equity firm has won the auction to acquire Oberweis Dairy Inc., and its assets following the dairy company’s recently announced Chapter 11 bankruptcy. Hoffmann Family of Companies, through its investment arm, Osprey Capital LLC, announced they were the prevailing bidder during Wednesday’s auction to acquire the North Aurora-based, family-owned dairy company.
With demolition work nearly done, Fox River Grove talking to developers to create new downtown
As a block of buildings in downtown Fox River Grove is demolished into a grassy lot, village officials are in talks with multiple developers to create a new downtown. Village officials have been aiming to revitalize the downtown parcels, called Block B and located between Illinois Street and Lincoln Avenue along Northwest Highway, for several years.
Couple behind The Graceful Ordinary to open European-inspired cafe in Aurora
The husband-and-wife team that brought The Graceful Ordinary to St. Charles plans to open a European-inspired cafe and pasticceria in Aurora early next year. Vicolo will be a relaxed European cafe and pastry shop by day and transform into an elevated dining experience in the evening, Chris and Megan Curren said in a news release.
27 homes proposed for South Barrington
A real estate developer wants to construct as many as 27 custom homes on South Barrington’s east side. Proposed to be called Forest View Estates, the development would be built on vacant land at the southwest corner of Mundhank and Freeman roads. The roughly 15-acre site is just west of the Paul Douglas Forest Preserve.
Westfield Old Orchard welcomes summer season with new stores and activations
Westfield Old Orchard is reopening outdoor seating for some of its premier restaurants and introducing a new summer event series. The Skokie mall now offers al fresco dining, specials and live music at popular spots including Roka Akor, Bar Siena, Uncle Julio’s, California Pizza Kitchen, Shake Shack, The Hampton Social and more.
First Watch, Raising Cane’s proposed for Vernon Hills, though traffic a concern
One restaurant proposed in Vernon Hills would cover breakfast, lunch and brunch while a second would offer a single menu item. First Watch and Raising Cane’s are considered welcome additions to the village’s extensive restaurant roster. However, each has some questions to be addressed during a detailed review by village staff and subsequent public hearings.