The Promenade Bolingbrook

The Promenade Bolingbrook is a 778,000-square-foot open-air shopping center in Bolingbrook, Illinois, at the intersection of Boughton Road and Interstate 355. The property combines department-store, specialty-retail, entertainment, dining, grocery and beverage uses in a large suburban lifestyle-center format. Its tenant mix has included Macy's, Bass Pro Shops, Barnes & Noble, DSW, Binny's Beverage Depot and Star Cinema Grill, alongside smaller retail and food businesses. The site began taking commercial form before the shopping center itself opened. Meijer opened on part of the property in May 2002, approximately five years before the formal launch of The Promenade. The center was developed by Cleveland-based Forest City Enterprises and opened to the public on April 26, 2007. Its original anchor lineup included Macy's, Bass Pro Shops, Barnes & Noble and Circuit City. Macy's had initially been planned as a Marshall Field's store, but the planned department-store identity changed after Macy's converted its department stores to the Macy's banner. Entertainment has been an important part of the center's evolution. Gold Class Cinema opened to the public in autumn 2009 and was renamed iPic Theaters in July 2011. iPic closed on December 31, 2021, and the former cinema location was subsequently taken by Star Cinema Grill, which opened in February 2022. Other tenant changes reflected broader retail-market conditions: Circuit City left after its 2009 business failure, and Binny's Beverage Depot opened in the former Circuit City space on October 15, 2010. Prince Arcades opened in December 2018 and was expanded into an adjacent available lot by July 2024. The Promenade also has an environmental-design distinction. Six of its buildings received Leadership in Energy and Environmental Design certification from the U.S. Green Building Council. In addition to retail and entertainment, the broader development plan has included a proposed mixed-use expansion on 21 acres adjacent to the center. Forest City described a project combining office buildings with at least 160 apartments intended for low-income residents aged 55 and older. The residential and office components were subject to timing and market conditions, and the available reference material does not establish that the full proposal was completed. On March 31, 2025, Rhino Investments Group announced that it had obtained an interest in The Promenade. Following the transaction, Rhino's chief executive said that redevelopment plans were being prepared. The property therefore remains an active retail destination while entering a potential repositioning phase. Reported upcoming tenants include Arra Jewels and BullVino's Churrascaria Brazilian Steak House. The center's identity is defined less by a single proprietary product than by its open-air setting, destination anchors, dining and entertainment options, and role as a regional suburban shopping and leisure venue.

The Promenade Bolingbrook developed on a commercial site in Bolingbrook, Illinois, near Boughton Road and Interstate 355. Meijer opened on part of the property in May 2002, before the lifestyle center itself was completed. The main shopping center was developed by Forest City Enterprises, a Cleveland-based real-estate company, and opened on April 26, 2007. At launch, the center's principal anchors were Macy's, Bass Pro Shops, Barnes & Noble and Circuit City. The department-store space had originally been intended for Marshall Field's, but the planned identity changed when Macy's rebranded its department stores under the Macy's name. The resulting center was designed as a large open-air retail and leisure destination rather than a conventional enclosed mall. The property subsequently experienced several changes in its entertainment and retail lineup. Gold Class Cinema opened in autumn 2009 and adopted the iPic Theaters name in July 2011. Following iPic's closure at the end of 2021, Star Cinema Grill opened in the location in February 2022. Circuit City's departure after its 2009 failure created another major vacancy; Binny's Beverage Depot opened in that space on October 15, 2010. Prince Arcades opened on December 22, 2018, and later expanded into an adjacent lot by July 2024. Forest City also pursued a broader mixed-use concept on 21 acres next to the center. The proposal called for at least three office buildings, with the office component occupying approximately two-thirds of the site, together with at least 160 apartments for low-income residents aged 55 and older. Construction of the first 80 residential units was expected to begin in late 2009, while the office portion was dependent on market conditions and could have taken longer to start. The available reference material does not confirm completion of the entire expansion. The center has incorporated environmental design measures: six buildings received LEED certification from the U.S. Green Building Council. On March 31, 2025, Rhino Investments Group announced that it had obtained an interest in The Promenade Bolingbrook. Rhino stated that redevelopment planning was underway, marking a possible new phase for the property. Arra Jewels and BullVino's Churrascaria Brazilian Steak House were identified as upcoming tenants in the available material.

• 2025

  Rhino Investments Group announces an ownership interest

  [1]The Promenade Bolingbrooken.wikipedia.org

  Rhino Investments Group announced on March 31 that it had obtained an interest and was preparing redevelopment plans.

• 2024

  Prince Arcades expansion is reported

  [1]The Promenade Bolingbrooken.wikipedia.org

  By July 1, Prince Arcades had expanded into an adjacent available lot.

• 2022

  Star Cinema Grill opens

  [1]The Promenade Bolingbrooken.wikipedia.org

  Star Cinema Grill opened in February 2022 after iPic closed at the end of 2021.

• 2018

  Prince Arcades opens

  [1]The Promenade Bolingbrooken.wikipedia.org

  Prince Arcades opened at noon on December 22, adding a family entertainment use to the tenant mix.

• 2011

  Gold Class Cinema is renamed iPic Theaters

  [1]The Promenade Bolingbrooken.wikipedia.org

  The cinema operation adopted the iPic Theaters name in July 2011.

• 2010

  Binny's Beverage Depot opens

  [1]The Promenade Bolingbrooken.wikipedia.org

  Binny's opened on October 15 in the former Circuit City location.

• 2009

  Gold Class Cinema opens

  [1]The Promenade Bolingbrooken.wikipedia.org

  Gold Class Cinema began public operations at the center during autumn 2009.

• 2007

  The Promenade Bolingbrook opens

  [1]The Promenade Bolingbrooken.wikipedia.org

  The open-air shopping center officially opened on April 26 with Macy's, Bass Pro Shops, Barnes & Noble and Circuit City among its original anchors.

• 2002

  Meijer opens on the future shopping-center property

  [1]The Promenade Bolingbrooken.wikipedia.org

  Meijer opened on part of the site approximately five years before the formal launch of The Promenade Bolingbrook.

A large open-air suburban shopping and entertainment destination anchored by national retailers, specialty stores, dining, cinema and family leisure attractions.

• Shopping center · 2007

  Open-air retail center

  The core offering is a 778,000-square-foot open-air shopping environment with multiple buildings, pedestrian-oriented circulation and a mix of national anchors, specialty retailers, restaurants and entertainment businesses.

• Retail · 2007

  Retail and department-store offer

  Major retail uses have included Macy's, Bass Pro Shops, Barnes & Noble and DSW, giving the center coverage across department-store merchandise, outdoor recreation, books, apparel and footwear.

• Entertainment and food service · 2009

  Dining and entertainment

  The center has supported destination entertainment through cinema and arcade concepts. Gold Class Cinema later became iPic Theaters, and Star Cinema Grill took over the cinema location in 2022. Prince Arcades provides a separate family-oriented entertainment use.

• Beverage retail · 2010

  Binny's Beverage Depot

  Binny's Beverage Depot opened in the former Circuit City space in 2010, adding a large-format wine, beer and spirits retailer to the center's anchor-level tenant mix.

• 2025

  Prepare a potential redevelopmentStrategy

  Background

  Rhino Investments Group announced that it had obtained an interest in the property.

  Action taken

  Rhino stated that plans were being put in place to redevelop the shopping center.

  Aftermath

  The announcement indicated a possible repositioning of the property, but specific redevelopment scope, timing and investment figures were not provided.

  Source

• 2022

  Introduce Star Cinema GrillProduct launch

  Background

  iPic Theaters closed on December 31, 2021, leaving the center's cinema space available.

  Action taken

  Star Cinema Grill opened in the former cinema location in February 2022.

  Aftermath

  Cinema-based entertainment returned to the center under a new operator and format.

  Source

• 2010

  Replace Circuit City with Binny's Beverage DepotOther

  Background

  Circuit City left the center after going out of business in 2009, creating a large vacant retail space.

  Action taken

  Binny's Beverage Depot opened in the former Circuit City location on October 15, 2010.

  Aftermath

  The replacement preserved a substantial-format retail use and broadened the center's beverage and specialty-shopping offer.

  Source

• 2007

  Launch as an open-air regional shopping destinationStrategy

  Background

  Forest City Enterprises developed the property as a large open-air center positioned around retail anchors, dining and leisure uses.

  Action taken

  The Promenade opened on April 26, 2007 with Macy's, Bass Pro Shops, Barnes & Noble and Circuit City as original anchors.

  Aftermath

  The center established a suburban lifestyle-center format and later replaced or added tenants as retail conditions changed.

  Source

• 2025

  Rhino Investments Group obtains an interest in The Promenade Bolingbrook[1]The Promenade Bolingbrooken.wikipedia.org

  M&A

  Rhino Investments Group announced on March 31, 2025 that it had obtained an interest in the shopping center. The group's chief executive said redevelopment plans were being prepared.

• 2024

  Prince Arcades expands into an adjacent lot[1]The Promenade Bolingbrooken.wikipedia.org

  Other

  Prince Arcades, which opened at The Promenade in 2018, was reported to have expanded into an adjacent available lot by July 1, 2024.

• 2022

  Star Cinema Grill replaces the former iPic theater[1]The Promenade Bolingbrooken.wikipedia.org

  Product launch · Other

  After iPic Theaters closed on December 31, 2021, Star Cinema Grill opened at the center in February 2022.

1. 1The Promenade Bolingbrooken.wikipedia.org