CHICAGO—AMLI Residential has just received final approval from the Village of Deerfield to build AMLI Deerfield, a luxury residential apartment community, at 1525 Lake Cook Rd., just east of Wilmot Rd. The company expects to break ground in December and complete the 240-unit project by mid-2015.

And some area business leaders have high hopes that AMLI’s development will help improve the business climate in the northern suburbs. “One of the most important challenges facing employers in Lake County is their capacity to attract and retain talent,” said Victoria J. Street, the executive director of the Deerfield-Bannockburn-Riverwoods Chamber of Commerce, in a Feb. 25 letter. “Often, young professionals who employers want to hire and are moving to the Chicago area or who already live in the region, do not find a suburban lifestyle to their liking. The AMLI Deerfield project appears to provide a suitable housing alternative for young Deerfield.” 

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.