Chicagoland's Premier Residential and Mixed-Use Development Opportunity

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"The vision of a mix of housing types is a strategy that can keep you alive out there. . . With those different types of housing, you're not sitting waiting to sell one or two houses a month on your 180 acres."

 

- TRACY CROSS

Source: Crain's April 13, 2017

 

PLUM FARMS IS ENTITLED FOR RESIDENTIAL AND MIXED-USE DEVELOPMENT

  • The premier mixed-use development site in Chicagoland. Natural surroundings linked by a network of trail systems, lush meadows, wetlands and a vibrant stream
  • 186 acres at the northwest corner of Illinois State Routes 59 and 72 in the Village of Hoffman Estates
  • Most significant regional site remaining for residential and mixed-use development in suburban Cook County, the largest county in the Chicago metropolitan area
  • No competing scalable tracts of land in a sub-market demanding a broad base of residential products
  • Between two forest preserves totaling 8,400+ acres

DEVELOPMENT POTENTIAL

  • Intergenerational living within a sustainable, technological environment, that accommodates aging independently in place by embracing its eco-system and surroundings in a new-urban environment
  • 150,000 - 200,000 square feet of commercial
  • 500 - 700 multi-family residential units
  • 500 - 600 detached and attached single-family homes.
  • Approximately 1700 construction jobs and 300 permanent jobs

ACCESS

  • ½ mile north of the full interchange at Interstate 90
  • 20 minutes to O'Hare Airport and 45 minutes to the City of Chicago
  • State Routes 59 and 72 signalized intersection including multiple access points and existing traffic signals

ENTITLEMENTS

  • Flexible zoning arising under the CM-U and TN-D zoning districts created for Plum Farms
  • 1,250 single family and multi-family dwelling units whether for rent or for sale
  • Residential housing (multi-family rental and for sale: single-family detached and attached and two-family attached) and commercial (retail, office, medical, hospitality)
  • TIF Inducement Resolution approved by Hoffman Estates on 161 of the 185 acres
  • Sales and real estate tax rebates on developed commercial property

PHYSICAL CONDITIONS

  • Environmental and geotechnical subsurface studies confirm no environmental issues and soils suitable for development
  • Wetland areas jurisdictionally determined by, but not yet delineated with ACOE
  • Topographical, hydrological, geological and environmental data points

AIR, BUS AND RAIL TRANSPORTATION

  • O'Hare International Airport
  • Barrington and Bartlett Metra Stations
  • Pace Park-n-Ride

SCHOOLS

  • School District 300 (Dundee Crown High School)
  • School District 220 (Barrington High School)

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