Old Orchard Development Site
Land | 2.52 acres
Marketing description
ZONING: OR Office Research - The OR Office Research district is established to allow the development of business and professional offices, "higher intensity" multiple-family residential and mixed-use residential developments, and other compatible uses in a planned park-like setting. The district is intended to serve the Village and the surrounding urban region. Because of the unique character of properties located within this district and its proximity to the Edens Expressway, the Old Orchard Interchange, Cook County Forest Preserve and adjacent residential properties in other municipalities, all properties within this district require site plan approval.
Investment highlights
0.5 mile walk to Old Orchard Mall (140+ stores and restaurants). Just off NW corner of four-way interchange of I-94 (Edens Expressway) and Old Orchard Road. The property is nestled between Life Time Fitness (108,000 sf) and Old Orchard Towers (395,000 sf twin office/medical towers with attached garage). The property is east of the brand new The Henry at Harms Woods a 245 multifamily project with 49 build-to-rent townhomes and 13,000 square feet of retail space.
- If parking is an issue, ownership of Old Orchard Towers (5202-5250 Old Orchard) are willing to cooperate on parking in their garage which is across the street from this parcel.
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