The mid 1990s also experienced an influx of retail food establishments. Pizzeria Uno, Outback Steakhouse, Chevy's, Boston Market, Champps, Chandlers, Hooters, Rainforest Cafe, Joe's Crab Shack, and Maggiano's all opened in the village during this time.

In the fall of 1993, the Elgin-O'Hare Expressway opened. This expressway connects Schaumburg to neighboring communities to the southwest and Interstate 290 to the southeast. It also provides convenient access to Spectrum Industrial Park and the nearby Schaumburg Regional Airport, which the village purchased in 1994 and expanded in 1995.

The village finalized the purchase of the Town Square shopping center in 1995, clearing the way for the complete redevelopment of the property. The 27-acre site at the southwest corner of Schaumburg and Roselle Roads has been transformed into a diverse development offering a grocery store, the township library, restaurants, general retail development, and a public amphitheater. The new development was designed to respect the historic character of the Olde Schaumburg Centre, providing late 19th century and early 20th century architectural design and a park to entice residents to casually walk the area and stop at the various establishments.

Minor league baseball came to the village in the spring of 1999. Alexian Field, the 7,000 seat baseball stadium, was built in partnership with the Schaumburg Park District just north of the commuter rail facility. 

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