Elk Grove Technology Park Breaks Ground
On Wednesday, July 25, Village officials were joined by Illinois Governor Bruce Rauner to celebrate the ground breaking for the new Elk Grove Technology Park by Brennan Investment Group. This marks the commencement of development on a new 85 acre in-fill development that will offer 1.2 million square feet of high-end, state-of-the-art industrial and data center space.
The Mayor and Board of Trustees approved annexation and development agreements to support the creation of the 85 acre Elk Grove Technology Park at the end of 2017. The total investment in this development, which includes the long-vacant Busse Farm property, is estimated at over $1 billion.
The Elk Grove Technology Park is comprised of nine planned speculative facilities with frontage on Higgins Road ranging in size from 75,000 to 250,000 square feet. Plans have been submitted for four speculative buildings as part of the first phase of construction. The development will offer first class amenities including ponds, water features, sculptures, bike paths and pedestrian walkways.
“This ground-breaking is a major step in building the future of Elk Grove Village” said Elk Grove Village Mayor Craig Johnson, “The Elk Grove Technology Park will be a hotbed for advanced technological innovation and business development in our community.”