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Podolsky Begins Second Phase of 30-Acre Park

AURORA, IL-The estimated cost of the Orchard 88 business park, when fully built out, is between $20 million and $30 million.

By Gina Kenny | Updated on June 09, 2008

AURORA, IL-Podolsky Northstar Corfac International, based in Riverwoods, IL, is beginning the second phase of the Orchard 88 Business Park along Interstate 88 at Orchard Road. The estimated cost for the approximate 30-acre park, when completed, is between $20 million and $30 million, but depends on the types of buildings constructed and the size of the buildings, says Randy Podolsky, principal with the self-named company.

The firm has begun site work for the second phase of the project, which will include the construction of Dancer Drive, installation of underground utilities and trenching of a detention pond. The cost of the infrastructure work will be approximately $1 million, Podolsky says. The second phase has six lots with construction of build-to-suit facilities expected to begin by the end of this year or early next year. The park is expected to be completed in two to five years, he says.

The developer acquired the site more than a decade ago, Podolsky says. “We chose that location, first of all, almost 15 years ago,” he says. “We envisioned a four-way interchange at Orchard Road, which there now is, and a burgeoning community with a lot of growing residential.” Aurora is now “striving to be the second largest city” in the state, he says. The park is expected to have more “higher end” uses than the “typical industrial park with big-box buildings.”

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