(To read more on the multifamily market, click here.)
WHEATON, IL-Chicago-based Brownstone Properties Inc., whose projects include a 245-unit development in the city's North Lawndale neighborhood, is hoping to build 48 townhouses on a site now occupied by a church and nursing home. The developer is seeking a zoning change that would mean demolition of the 17,183-sf Parkway Healthcare Center at 219 E. Parkway Dr. and Peace Presbyterian Church at 205 E. Parkway Dr.
Wheaton's planning and zoning board will hold a public hearing in June on the proposal for the 4.8-acre site north of this west suburb's downtown area, as well as smaller, unrelated townhouse proposal. Locally-based Addison Development is seeking a zoning change that would allow nine three-story townhouses to be built at 417 N. President St. Addison Development bought the 160-year-old, two-story home this spring for $393,000, according to documents filed at the DuPage County Recorder of Deeds office.
Brownstone Properties is teaming with MCL Construction Corp. on a development on a former industrial site at 2500 W. Roosevelt Rd. that is expected to range from single-family homes to six-unit multifamily buildings. Parkway Healthcare Center last sold for $1.2 million in 2004, according to the Milton Township assessor's office, while the church changed hands the previous year for $850,000.
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