Search
 

$150M Village Town Center Takes Shape

BURR RIDGE, IL-RTKL Architects and Opus Architects & Engineers are officially launching the start of the $150-million Burr Ridge Village Center. The project will encompass 500,000 sf of mixed-use development on 20-acres in this affluent community located 15 miles west of Downtown Chicago.

By Dana Dubriwny | Updated on May 10, 2006

BURR RIDGE, IL-Opus North Corp. is breaking ground on a $150-million, 500,000-sf town center that will include specialty retail, office and residential lofts and condos. Known as Burr Ridge Village Center, the project is located at the intersection of County Line Road and Interstate 55.

Matt Nix, senior real estate director for Opus North, tells GlobeSt.com that the land was origninally zoned for 600,000 sf of office space, but the use lacked feasability for the area. Instead, Opus approached the Village with the concept of a lifestyle center. Through several discussions, the plan evolved into a town center.

“The village revised its comprehensive plan, and their desires and objectives matched nicely with what we wanted to do,” Nix says. “Getting public input and encouragement from the plan commission and Village board really challenged us to create a great plan.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.