ReJournals | Illinois Multifamily

Essex Realty brokers sale of site of planned mixed-use development

March 15, 2021

Essex Realty Group, Inc. has announced the sale of 460 Crescent Boulevard, a 35,091-square-foot redevelopment property located on the northwest corner of Crescent Boulevard and Glenwood Avenue in downtown Glen Ellyn, a western Chicago suburb.

The buyer, Holladay Properties, purchased the site for approximately $2,825,000.

Holladay Properties intends to build a mixed-use development called Glenwood Station. The proposed development includes 1,490 square feet of retail space, 86 apartment units, and 102 parking spaces. Demolition of the existing 13,500-square-foot structure is expected to begin as early as November 2021.

Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily real estate brokerage firm. Contact us to learn more about our recent Chicagoland multifamily and mixed-use property sales and talk to a Chicago multifamily broker today.

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Tagged in this post: Jim Darrow , Brian Karmowski , Jordan Gottlieb