Spokesmen for the owners and Bradford Allen did not return requests trying to find remark. But the flyer reported any sale would come with the problem that a new operator wouldn’t continue on to work the ice rink in the 51,500-sq.-foot creating. Moro, whose late husband Tom Moro owned and operated Johnny’s IceHouse right until his demise in 2018 at age 49, also owns the Johnny’s IceHouse West rink at 2550 W. Madison St. The West rink was the official education facility for the Chicago Blackhawks from 2010 to 2018.
Moro is hunting to provide the East facility immediately after several years of soaring house values all over it. Fueled by firms like Google and McDonald’s establishing Fulton Current market as a corporate desired destination, developers have compensated big bucks for West Loop and Close to West Aspect qualities, with an eye on the sky-significant rents that providers and inhabitants have been ready to pay to be near by.
Whether those people assets values will be substantially altered in the wake of the COVID-19 pandemic remains to be seen. But Bradford Allen frames the ice rink setting up at the corner of Madison and Loomis streets as an opportunity for a buyer to redevelop the developing into a residential use, resort or retail home in a superior-targeted traffic, affluent part of city.
“The parcel gives seasoned builders the chance to participate in the expansion of this venerable neighborhood,” the flyer said. The property would possible will need to be rezoned for a consumer to redevelop it with a larger sized building.
The Moro-controlled enterprise paid out $2.8 million for the Johnny’s IceHouse East property in 2004, in accordance to Prepare dinner County assets documents. The venture most not long ago refinanced the residence in 2016 with a $3.7 million loan, information display.
The go to promote also will come three decades immediately after the Blackhawks debuted their own two-rink facility, now recognized as Fifth Third Arena, close by at 1801 W. Jackson Blvd. That making serves as the NHL team’s exercise facility, but was also intended to host youth and adult hockey leagues and group programming. It really is not crystal clear whether or not levels of competition from the new facility has any link with Moro’s choice to try out to market Johnny’s IceHouse East.
Initially developed in 1997, Johnny’s IceHouse East hosts adult and youth hockey applications and features a bar overlooking its sheet of ice termed the Stanley Club.