Seven Acres of Land on Devon Avenue in Elk Grove Village Due for a Facelift
$17 Million in redevelopment projects have been approved along the Devon Avenue corridor in 2019.
Two more new industrial sites will be developed after the Village Board approved the rezoning and resubdivision of seven acres of land on Devon Avenue. The Village annexed the properties at 202-224 E. Devon Avenue in 2017 with plans to improve and beautify the property and ensure its compatibility with other land uses in the immediate area. The properties were not operating in accordance with their existing residential zoning status and many of the buildings had fallen into a state of disrepair.
With the approval this week, Seefried Industrial Properties, Inc. will now move forward with redeveloping the 7.7-acre property and constructing two light industrial facilities totaling 139,152 square feet—one 77,316 square foot building and one 61,836 square foot building. The new buildings are designed with large office entries as well as landscaping along Devon Avenue.
“It has always been our goal to encourage development that strengthens our economic base and improves the aesthetics in the area. This project accomplishes both goals,” said Mayor Craig Johnson.
This is the latest in a series of ongoing redevelopment projects in Elk Grove Village: CA Ventures is investing an estimated $8 million to construct a new 146,000 square foot industrial facility as part of a redevelopment project at the corner of Devon Avenue and Tonne Road; Duke Realty is investing an estimated $21 million to construct a 115,000 square foot facility at 901 Chase; and CN Group is investing an estimated $1 million to construct a 14,000 square facility at 228 E Devon.
In order to bring this project to fruition, the developer petitioned to re-zone the properties at 202-224 E. Devon Ave from residential to industrial and consolidate the five existing lots into two new lots. Although the properties were previously zoned residential, it was clear that they were being used for business purposes, including a contractor yard, outside storage and a landscaping company.
The developer brought its proposal before the Elk Grove Village Plan Commission at a public hearing earlier this month. The Plan Commission unanimously recommended approval of the project, and the Elk Grove Village Board unanimously voted to accept their recommendation and approve the petitions.
The developer plans to invest approximately $8 million into the project and expects the new buildings to come on line in November 2020.
“We’re thrilled to reshape this area along the Devon corridor to meet growing demand for modern industrial buildings in the area. We are always willing to work with developers and be flexible as long as new projects are a net positive for our community,” said Mayor Johnson.