High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Chicago & Midwest  + Illinois  + Apartments  | 

Crown Community Development Plans 760-Acre Master Plan Community

Crown Community Development (CCD) has submitted a formal land development application to the Village of Sugar Grove for The Grove, a 760-acre master-planned community. The Grove is proposed for land surrounding the Interstate 88 and Route 47 interchange, located 45 miles west of Chicago.

The project calls for housing, an activated town center, and over 200 acres of open space, including parks and trails, public amenities, and a variety of commercial uses. As part of the land development application for The Grove’s updated master plan – which covers zoning, subdivision and annexation – CCD is proposing Planned Development District zoning that will accommodate uses that meet market and community needs.

When complete, the project is estimated to create approximately 4,600 permanent jobs in the local economy. The Village of Sugar Grove is seeking to establish a Tax Increment Financing District for a term not to exceed 23 years to unlock the economic value of the land.

Connect

Inside The Story

Crown Community Development

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action
New call-to-action