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UrbanStreet Group

Full company profile

uuid000bm46

Namestring
UrbanStreet Group
Legal namestring
UrbanStreet Group
Company typeenum
Private
Founded yearint
1996
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersSchaumburg, United States
HQ citystring
Schaumburg
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
real estate development, multifamily housing, mixed-use developments, master planned communities, property investment
Industry2 codes
1BPAHAKAD
CodeBPAHAKADPrimaryYes
2BPAJAFAA
CodeBPAJAFAAPrimaryNo
NAICS code2 codes
  • 531110
  • 53112
SIC code2 codes
  • 1531
  • 6519
Product category
Real Estate Development
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Real Estate Development and Investment
TypeOne Time License
Description

UrbanStreet Group generates revenue through the development, ownership, and operation of multifamily residential communities, master planned developments, retail projects, and mixed-use properties. Revenue is derived from property sales, rental income from residential and commercial tenants, and development/management fees from joint venture partnerships.

urbanstreetgroup.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Supply Chain, Operations, Marketing or Sales, Others
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Brand1 record
1Veridian
Description

A 225-acre master planned development located in Schaumburg, Illinois, on the former site of Motorola's headquarters. The development includes luxury residential, office, entertainment, retail, and hospitality, serving as Schaumburg's new Downtown District.

urbanstreetgroup.com
Core offering1 text field

UrbanStreet Group is a full-service real estate development and investment firm that develops, owns, and operates multifamily residential communities, master planned communities, retail projects, and mixed-use properties across multiple U.S. states. Revenue is derived from property sales, rental income from residential and commercial tenants, and development and management fees from joint venture partnerships.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

UrbanStreet Group is a national full-service real estate development and investment firm founded in 1996, specializing in multifamily communities, master planned communities, retail projects, and mixed-use developments. The company's portfolio consists of multiple distinct residential and commercial properties across the United States. The flagship development is Veridian, a 225-acre master planned mixed-use district in Schaumburg, Illinois, which includes One Veridian (321-unit apartment community), Element at Veridian (260-unit completed community), and future phases targeting 2,000 total units and 200,000 SF of retail. The company also develops and operates luxury apartment communities (The 250, The 450, Eastpark Apartments, North 680, The Residences at Sawmill Station, The Residences at Amberley Woods), build-to-rent townhomes (The Douglas), commercial office and retail properties (203 North Wabash, 1010 Lake Street, 2232 North Clybourn, Ogden Point), and specialized properties (Tower at OPOP, Lofts at OPOP, The Woodlands, Marshall Field Jr. Mansion, Welles Park Place, The Catherine Cook School Gymnasium). The company operates across multiple states including Illinois, Arizona, Indiana, Missouri, and Wisconsin.

Product and service20 records
1Veridian
CategoryMaster Planned Development
Description

A 225-acre master planned mixed-use development in Schaumburg, Illinois, on the former site of Motorola's headquarters, encompassing luxury residential, office, entertainment, retail, and hospitality uses and serving as Schaumburg's new Downtown District.

2One Veridian
CategoryResidential Development
Description

A nine-story, 321-unit luxury apartment community in the heart of the Veridian retail district, featuring class-A apartments above curated retail with a five-story parking garage and pedestrian-friendly Main Street design.

3Element at Veridian
CategoryResidential Development
Description

A class-A mid-rise apartment community built on the former Motorola Solutions campus offering studio through three-bedroom residences with modern finishes, smart home technology, and resort-style amenities.

4The Douglas
CategoryResidential Development
Description

A build-to-rent townhome community located 20 miles west of downtown Phoenix near I-10 and South Bullard Avenue, featuring vaulted ceilings and attached private garages.

5The 250
CategoryResidential Development
Description

A 7-story high-rise offering studio, one, two, and three-bedroom apartments with modern amenities including a pool, fitness center, co-working spaces, and pet spa, located in Buffalo Grove, Illinois.

6The 450
CategoryResidential Development
Description

A luxury apartment community offering studio, one, and two-bedroom residences with modern finishes, smart home technology, and upscale amenities including a resort-style pool and fitness center, located in Lombard, Illinois.

7Eastpark Apartments
CategoryResidential Development
Description

A luxury apartment community featuring studio, one, and two-bedroom residences located on Madison's east side within the American Center campus, with five buildings and a lodge-inspired clubhouse.

8North 680
CategoryResidential Development
Description

A luxury apartment community offering one- and two-bedroom residences and tri-level units with high-end finishes, 9-foot ceilings, and resort-style amenities in Schaumburg, Illinois.

9The Residences at Sawmill Station
CategoryResidential Development
Description

A luxury apartment community in Morton Grove, Illinois adjacent to a 370,000 SF shopping center, featuring a resort-style pool, fitness center, and direct access to the Wayside Woods Forest Preserve.

10The Residences at Amberley Woods
CategoryResidential Development
Description

An intimate luxury apartment community offering spacious two and three-bedroom residences in prestigious Lake Forest, Illinois.

11Tower at OPOP
CategoryResidential Development
Description

A luxury 25-story high-rise apartment community rising above Old Post Office Plaza in downtown St. Louis with studio, one-, and two-bedroom residences featuring 10-12 foot floor-to-ceiling windows.

12Lofts at OPOP
CategoryResidential Development
Description

A distinctive luxury loft apartment community overlooking Old Post Office Plaza in St. Louis offering spacious one- and two-bedroom loft residences with unique open floor plans.

13The Woodlands
CategoryResidential Development
Description

A cottage-style vacation home community with 47 residences nestled within 70 acres of wooded land in Michigan City, Indiana, located 60 miles from Chicago.

14203 North Wabash
CategoryCommercial Property
Description

A distinguished 27-story landmark office tower in Chicago's Loop with dramatic city views, efficient floor plates, and proximity to Millennium Park and CTA transit.

151010 Lake Street
CategoryCommercial Property
Description

An iconic seven-story office tower in downtown Oak Park offering over 100,000 square feet of renovated office space with floor-to-ceiling windows and 360-degree views.

162232 North Clybourn
CategoryCommercial Property
Description

A boutique four-story mixed-use building in Lincoln Park's commercial corridor offering ground-floor retail and upper-floor office suites.

17Ogden Point
CategoryCommercial Property
Description

A mixed-use commercial building in Chicago's River West neighborhood offering office and ground-floor retail space within a preserved 1882 structure.

18Marshall Field Jr. Mansion
CategoryResidential Development
Description

An exclusive collection of six luxuriously appointed condominiums in a preserved 1884 Queen Anne landmark on Chicago's historic Prairie Avenue.

19Welles Park Place
CategoryResidential Development
Description

A boutique collection of rowhomes in Chicago's Lincoln Square neighborhood steps from Welles Park, combining classic architectural character with modern finishes.

20The Catherine Cook School Gymnasium
CategorySpecial Purpose Facility
Description

A state-of-the-art multi-purpose facility serving Catherine Cook School with a basketball court, running track, and retractable proscenium stage for theater productions.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Large national real estate developer with extensive mixed-use and multifamily portfolio (e.g., Hudson Yards, The 78). Overlaps with UrbanStreet in mixed-use master development but operates at vastly greater scale.

TypeBroad incumbent
Description

Global real estate developer and operator with major mixed-use, multifamily, and office assets (e.g., Manhattan West). Overlaps with UrbanStreet in mixed-use and multifamily development but as a much larger institutional incumbent.

TypeDirect peer
Description

Chicago-based multifamily developer, owner, and property manager with substantial Illinois portfolio. Comparable in the develop-and-operate multifamily model that UrbanStreet employs at completed communities.

TypeDirect peer
Description

Chicago-based full-service real estate developer of large-scale master planned and mixed-use communities (e.g., Lakeshore East). Directly comparable to UrbanStreet in multifamily and master-planned urban-style development, though at larger scale.

TypeBroad incumbent
Description

National commercial real estate developer with multifamily and mixed-use capabilities across major U.S. markets. Comparable in development services but with significantly broader geographic and capital base than UrbanStreet.

TypeDirect peer
Description

Midwest-headquartered national real estate developer of office, multifamily, mixed-use, and industrial properties. Comparable vertically integrated development and general contracting capability to UrbanStreet.

TypeDirect peer
Description

Chicago-based real estate development and investment firm focused on multifamily, mixed-use, and office. Comparable geographic focus and product mix to UrbanStreet's portfolio.

TypeOthers
Description

Adjacent Midwest professional services firm involved in real estate transactions; included as a regional ecosystem participant rather than a direct development competitor.

TypeDirect peer
Description

Chicago-based commercial and mixed-use real estate developer (e.g., Lincoln Park's Lincoln Yards, Fulton Market). Comparable urban mixed-use development mandate with a focus on transforming large legacy sites.

TypeDirect peer
Description

Chicago-based national real estate investment and development firm specializing in student, multifamily, and mixed-use housing. Comparable in scale, Midwest headquarters, and multifamily development focus.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles11 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

UrbanStreet Group

Real Estate Developmenturbanstreetgroup.com

UrbanStreet Group firmographics

Firmographics
Name
UrbanStreet Group
Legal name
UrbanStreet Group
Website
https://urbanstreetgroup.com
Company type
Private
Founded year
1996
Operating status
Operating
Headcount range
11–50 employees
Ownership category
akta.pro rank

Where UrbanStreet Group is headquartered

Location

Headquarters

HQ city
Schaumburg
HQ country
United States
HQ region
North America

Offices1 record

Markets served

UrbanStreet Group business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Supply Chain, Operations, Marketing or Sales, Others

Revenue model

  1. Real Estate Development and Investment: UrbanStreet Group generates revenue through the development, ownership, and operation of multifamily residential communities, master planned developments, retail projects, and mixed-use properties. Revenue is derived from property sales, rental income from residential and commercial tenants, and development/management fees from joint venture partnerships.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

UrbanStreet Group product offering

Product offering

Core offering

UrbanStreet Group is a full-service real estate development and investment firm that develops, owns, and operates multifamily residential communities, master planned communities, retail projects, and mixed-use properties across multiple U.S. states. Revenue is derived from property sales, rental income from residential and commercial tenants, and development and management fees from joint venture partnerships.

Product overview

UrbanStreet Group is a national full-service real estate development and investment firm founded in 1996, specializing in multifamily communities, master planned communities, retail projects, and mixed-use developments. The company's portfolio consists of multiple distinct residential and commercial properties across the United States. The flagship development is Veridian, a 225-acre master planned mixed-use district in Schaumburg, Illinois, which includes One Veridian (321-unit apartment community), Element at Veridian (260-unit completed community), and future phases targeting 2,000 total units and 200,000 SF of retail. The company also develops and operates luxury apartment communities (The 250, The 450, Eastpark Apartments, North 680, The Residences at Sawmill Station, The Residences at Amberley Woods), build-to-rent townhomes (The Douglas), commercial office and retail properties (203 North Wabash, 1010 Lake Street, 2232 North Clybourn, Ogden Point), and specialized properties (Tower at OPOP, Lofts at OPOP, The Woodlands, Marshall Field Jr. Mansion, Welles Park Place, The Catherine Cook School Gymnasium). The company operates across multiple states including Illinois, Arizona, Indiana, Missouri, and Wisconsin.

Differentiator

Problem solved

Functional benefit

Brands

  • Veridian: A 225-acre master planned development located in Schaumburg, Illinois, on the former site of Motorola's headquarters. The development includes luxury residential, office, entertainment, retail, and hospitality, serving as Schaumburg's new Downtown District.

Products and services

  • Veridian A 225-acre master planned mixed-use development in Schaumburg, Illinois, on the former site of Motorola's headquarters, encompassing luxury residential, office, entertainment, retail, and hospitality uses and serving as Schaumburg's new Downtown District.
  • One Veridian A nine-story, 321-unit luxury apartment community in the heart of the Veridian retail district, featuring class-A apartments above curated retail with a five-story parking garage and pedestrian-friendly Main Street design.
  • Element at Veridian A class-A mid-rise apartment community built on the former Motorola Solutions campus offering studio through three-bedroom residences with modern finishes, smart home technology, and resort-style amenities.
  • The Douglas A build-to-rent townhome community located 20 miles west of downtown Phoenix near I-10 and South Bullard Avenue, featuring vaulted ceilings and attached private garages.
  • The 250 A 7-story high-rise offering studio, one, two, and three-bedroom apartments with modern amenities including a pool, fitness center, co-working spaces, and pet spa, located in Buffalo Grove, Illinois.
  • The 450 A luxury apartment community offering studio, one, and two-bedroom residences with modern finishes, smart home technology, and upscale amenities including a resort-style pool and fitness center, located in Lombard, Illinois.
  • Eastpark Apartments A luxury apartment community featuring studio, one, and two-bedroom residences located on Madison's east side within the American Center campus, with five buildings and a lodge-inspired clubhouse.
  • North 680 A luxury apartment community offering one- and two-bedroom residences and tri-level units with high-end finishes, 9-foot ceilings, and resort-style amenities in Schaumburg, Illinois.
  • The Residences at Sawmill Station A luxury apartment community in Morton Grove, Illinois adjacent to a 370,000 SF shopping center, featuring a resort-style pool, fitness center, and direct access to the Wayside Woods Forest Preserve.
  • The Residences at Amberley Woods An intimate luxury apartment community offering spacious two and three-bedroom residences in prestigious Lake Forest, Illinois.
  • Tower at OPOP A luxury 25-story high-rise apartment community rising above Old Post Office Plaza in downtown St. Louis with studio, one-, and two-bedroom residences featuring 10-12 foot floor-to-ceiling windows.
  • Lofts at OPOP A distinctive luxury loft apartment community overlooking Old Post Office Plaza in St. Louis offering spacious one- and two-bedroom loft residences with unique open floor plans.
  • The Woodlands A cottage-style vacation home community with 47 residences nestled within 70 acres of wooded land in Michigan City, Indiana, located 60 miles from Chicago.
  • 203 North Wabash A distinguished 27-story landmark office tower in Chicago's Loop with dramatic city views, efficient floor plates, and proximity to Millennium Park and CTA transit.
  • 1010 Lake Street An iconic seven-story office tower in downtown Oak Park offering over 100,000 square feet of renovated office space with floor-to-ceiling windows and 360-degree views.
  • 2232 North Clybourn A boutique four-story mixed-use building in Lincoln Park's commercial corridor offering ground-floor retail and upper-floor office suites.
  • Ogden Point A mixed-use commercial building in Chicago's River West neighborhood offering office and ground-floor retail space within a preserved 1882 structure.
  • Marshall Field Jr. Mansion An exclusive collection of six luxuriously appointed condominiums in a preserved 1884 Queen Anne landmark on Chicago's historic Prairie Avenue.
  • Welles Park Place A boutique collection of rowhomes in Chicago's Lincoln Square neighborhood steps from Welles Park, combining classic architectural character with modern finishes.
  • The Catherine Cook School Gymnasium A state-of-the-art multi-purpose facility serving Catherine Cook School with a basketball court, running track, and retractable proscenium stage for theater productions.

Companies that use UrbanStreet Group

Customer profile

Segments3 records

Ideal customer profiles3 records

UrbanStreet Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

UrbanStreet Group partnerships and signals

Strategic signal

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

UrbanStreet Group competitors and assessment

Company assessment

Broad incumbents

  • Related Companies: Large national real estate developer with extensive mixed-use and multifamily portfolio (e.g., Hudson Yards, The 78). Overlaps with UrbanStreet in mixed-use master development but operates at vastly greater scale.
  • Brookfield Properties: Global real estate developer and operator with major mixed-use, multifamily, and office assets (e.g., Manhattan West). Overlaps with UrbanStreet in mixed-use and multifamily development but as a much larger institutional incumbent.
  • Trammell Crow Company: National commercial real estate developer with multifamily and mixed-use capabilities across major U.S. markets. Comparable in development services but with significantly broader geographic and capital base than UrbanStreet.

Direct peers

  • The Habitat Company: Chicago-based multifamily developer, owner, and property manager with substantial Illinois portfolio. Comparable in the develop-and-operate multifamily model that UrbanStreet employs at completed communities.
  • Magellan Development Group: Chicago-based full-service real estate developer of large-scale master planned and mixed-use communities (e.g., Lakeshore East). Directly comparable to UrbanStreet in multifamily and master-planned urban-style development, though at larger scale.
  • Opus Development Group: Midwest-headquartered national real estate developer of office, multifamily, mixed-use, and industrial properties. Comparable vertically integrated development and general contracting capability to UrbanStreet.
  • JDL Development: Chicago-based real estate development and investment firm focused on multifamily, mixed-use, and office. Comparable geographic focus and product mix to UrbanStreet's portfolio.
  • Sterling Bay: Chicago-based commercial and mixed-use real estate developer (e.g., Lincoln Park's Lincoln Yards, Fulton Market). Comparable urban mixed-use development mandate with a focus on transforming large legacy sites.
  • CA Ventures: Chicago-based national real estate investment and development firm specializing in student, multifamily, and mixed-use housing. Comparable in scale, Midwest headquarters, and multifamily development focus.

Others

  • Lathrop GPM / Lathrop: Adjacent Midwest professional services firm involved in real estate transactions; included as a regional ecosystem participant rather than a direct development competitor.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

UrbanStreet Group social profiles

Digital presence

UrbanStreet Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

UrbanStreet Group leadership team

Management profile

Number of profiles

Profiles11 records

UrbanStreet Group funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

UrbanStreet Group M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UrbanStreet Group

What does UrbanStreet Group do?

UrbanStreet Group is a full-service real estate development and investment firm that develops, owns, and operates multifamily residential communities, master planned communities, retail projects, and mixed-use properties across multiple U.S. states. Revenue is derived from property sales, rental income from residential and commercial tenants, and development and management fees from joint venture partnerships.

Is UrbanStreet Group a public or private company?

UrbanStreet Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was UrbanStreet Group founded?

UrbanStreet Group was founded in 1996. It employs 11 to 50 people.

Where is UrbanStreet Group based?

UrbanStreet Group is headquartered in Schaumburg, United States, in the North America region.

How does UrbanStreet Group make money?

One revenue line is on record: real Estate Development and Investment.

Who are UrbanStreet Group's main competitors?

Broad incumbents on record are Related Companies, Brookfield Properties and Trammell Crow Company. Direct peers are The Habitat Company, Magellan Development Group, Opus Development Group, JDL Development, Sterling Bay and CA Ventures. Lathrop GPM / Lathrop is listed as an others.

Does UrbanStreet Group have an API?

No public API is recorded for UrbanStreet Group.

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Live signals
Daily HeraldSuburban developers UrbanStreet, Wingspan announce mergerUrbanStreet Group and Wingspan Development Group announced a merger, with UrbanStreet taking over Wingspan's future multifamily and mixed-use developments. The combined firms have delivered over 7,500 units in 25 projects worth more than $3 billion. Wingspan will focus on commercial projects, while UrbanStreet remains separate from the Nicholas umbrella.The Real DealUrbanStreet, Wingspan Development execute mergerUrbanStreet Group and Wingspan Development Group completed a merger to accelerate growth. Wingspan will transfer its multifamily and mixed-use pipeline to UrbanStreet, which will handle multifamily development, while Wingspan focuses on investment and third-party construction. The companies co-developed 7,500 multifamily units across 25 projects, valued at about $3 billion.Daily HeraldPlan for Chase Plaza apartments, Buffalo restaurant demolition moves to Buffalo Grove plan commissionBuffalo Grove trustees referred a plan to build a six-story apartment building with 256 units and demolish the former Buffalo restaurant at Chase Plaza. The apartments will be market-rate, and Sprouts Farmers Market and Club Studio are planned for the former Dominick's space, with openings expected in March and summer.Daily HeraldApartments proposed for Buffalo Grove’s Chase Plaza; Buffalo restaurant site to be redevelopedShorewood Development Group plans to build a 256-unit apartment building and redevelop a Buffalo restaurant site in Buffalo Grove's Chase Plaza. The proposal includes a parking garage and a new building for a to-be-determined tenant, with plans to present to the village board on Monday.Daily HeraldVeridian development in Schaumburg marks 10 years since purchase of former Motorola campusUrbanStreet Group is celebrating the 10th anniversary of its purchase of the former Motorola Solutions campus in Schaumburg, which has been transformed into the mixed-use Veridian development. The project involves over $500 million in construction and aims to create a walkable community with residential, retail, and office spaces on the 225-acre site. This redevelopment marks a significant economic transition for Schaumburg following Motorola's departure.Crain's Chicago BusinessDeveloper gets $94M construction loan for the first phase of its Motorola campus remakeUrbanStreet Group secured a $94 million construction loan for the first phase of its redevelopment project at the former Motorola corporate campus in Schaumburg. This project, referred to as the District at Veridian, represents a significant investment in the area's commercial real estate development.The Real DealUrbanStreet scores $94M loan for Motorola campus redevelopmentUrbanStreet Group secured a $94 million construction loan from Bank OZK for the first phase of the Veridian development, a major mixed-use redevelopment of the former Motorola campus in Schaumburg, Illinois. The initial $175 million phase includes 321 apartments and 60,000 square feet of retail anchored by a Fresh Market grocery store, with the overall development expected to exceed $1 billion in total investment. Schaumburg officials have also committed $47 million in public financing, and completion of the first phase is targeted for 2027.Daily HeraldSchaumburg celebrates start of ‘Main Street’-like development of The District at VeridianUrbanStreet Group has commenced construction on The District at Veridian, a 30-acre mixed-use development in Schaumburg featuring a nine-story apartment building with retail and dining components. This initial phase includes 321 residential units and over 55,000 square feet of retail space, with the first grocery store expected to open in early 2027. The project is part of the broader redevelopment of the former Motorola campus into the 225-acre Veridian property.REBusinessOnlineUrbanStreet Group Breaks Ground on 30-Acre Retail District at Veridian in Schaumburg, IllinoisUrbanStreet Group has broken ground on a 30-acre retail district at the former Motorola campus in Schaumburg, Illinois, with the first phase expected to open in late 2026. The project involves transforming the site into a mixed-use area featuring over 200,000 square feet of retail space anchored by The Fresh Market and more than 600 apartment units upon completion.Chain Store AgeSchaumburg's mixed-use Veridian project breaks groundUrbanStreet Group has broken ground on the retail district of the Veridian mixed-use project in Schaumburg, Illinois, located at the former Motorola headquarters site. The first phase will deliver 100,000 square feet of retail and restaurant space anchored by The Fresh Market, along with 321 residential units. At full build-out, the 225-acre site is projected to include over 200,000 square feet of commercial space and more than 600 residential units.