(June 28, 2017 – Chicago, IL) On May 31st, Focus Associate Vice President of Development, Christine Kolb was joined by Rex Tolliver (Interim Vice Chancellor for Student Affairs, University of Illinois at Chicago), Brian Thompson (Executive Vice President of Investments, CA Ventures) and Jim Hennessy (Associate Vice President for Commercial Real Estate, University of Chicago) to discuss the future of campus-centric development at the Real Estate Finance Forum (REFF) bi-annual luncheon. Attendees of the event, held at the East Bank Club in downtown Chicago, included representatives of the real estate industry, higher-education institutions, and stakeholders from communities adjacent to the UIC and U of C campuses.
On April 21, 2017, the Focus team will join Regency Centers, Atlantic Realty Partners, and members of the Vernon Hills community to celebrate the ground breaking of Mellody Farm, a mixed use development community is a project consisting of 274,000 SF of retail space and 260 luxury rental apartments at the historic Hawthorn Mellody Farm Dairy site.
A retail center promising to incorporate hip urban elements reminiscent of Chicago’s Wicker Park or west Loop neighborhoods in a suburban setting has been recommended for approval by a Vernon Hills advisory board.
A three-story building with 260 luxury apartments also is a key element of the proposed $200 million Mellody Farm development unanimously approved Wednesday by the village’s planning and zoning commission. The recommendation was to allow residential development at the northeast corner of Milwaukee Avenue (Route 21) and Townline Road (Route 60); development of a mixed-use property with variations for building height, landscape buffer, signs, parking and other elements; and permits to allow restaurants that may serve alcohol and/or have a drive-through.