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Oswego village president says things looking up for town’s economy

Oswego Village President Brian LeClercq speaks with people after his third annual State Village address Monday Village Hall.  The

Oswego Village President Brian LeClercq speaks with people after his third annual State of the Village address Monday at Village Hall. The meeting was sponsored by the Oswego Chamber of Commerce's legislative committee. | Linda Girardi~For Sun-Times Media

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Updated: March 19, 2014 6:32AM

Although Oswego Village President Brian LeClercq could not formally announce the name of a new retail anchor coming soon, he did have a lot to share about the village’s economic prosperity.

On Monday, LeClercq gave his third annual State of the Village address attended by about 65 business leaders gathered at Village Hall.

He said among the most notable changes will be the arrival of Win Soon, a Korean-owned yogurt and dairy beverage distributor. The company has already begun plans to locate its second U.S. production facility in Oswego.

LeClercq said the company will invest $3 million in the renovation and a 20,000-square-foot addition to an existing building within the village’s Kendall Point Business Center.

During the first year of operation, the company projects it will employ 40 full-time workers that will grow to 180 employees by the year 2020. The distribution operations are expected to begin in the first part of 2015.

LeClercq said a new anchor-tenant is expected to occupy about 55,000 square feet within the former Lowe’s building in Oswego, but he could not as yet reveal the identity of that retailer.

There was a real estate closing on the 117,000-square-foot building a week ago.

“The economic development staff helped market this property to several targeted retailers. A major anchor-tenant is in the process of signing the lease,” he said.

LeClercq said the village assisted Lowe’s Realty in finding potential buyers and replacement tenants that will occupy the remaining space. LeClercq said much in the same way, the economic development staff continues to work with the landlord of the former Dominick’s store that closed last year in the Oswego Commons center.

LeClercq said given the recent trends in the grocery industry, it is likely that store will be subdivided, as well.

LeClercq also mentioned a concept for a 250-300 person capacity banquet facility with a restaurant is under discussion on the west side of the river.

Among the previous year’s accomplishments, he said 46 new commercial businesses opened last year. On the residential front, 131 new single-family homes were built in Oswego last year, up from the 71 housing permits issues in 2009.

He said Oswego is ideally located for business offices, manufacturing and industrial businesses and residents seeking good schools and close routes to work are finding better value for homes here.

He said the village was awarded six grants totaling nearly $50,000. Oswego also partnered with Montgomery and Yorkville in obtaining another grant to market recreational opportunities on the Fox River.

“Clearly, this is the reason why Oswego is the best place to live, work and play,” he said.

The meeting was sponsored by the Oswego Chamber of Commerce’s Legislative Committee.

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