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The outline of the preliminary community plan includes 360 residential units in a mix of affordable and market rate, 800,000 square feet of commercial and office space, and a multi-modal transit plaza.
New owner Panattoni will develop a 159,405-square-foot speculative class-A distribution center on the acreage at 1701 Valley View Ln., and the facility is expected to deliver in second quarter 2020.
ArborCrowd seeks to raise $5.15 million from investors for the remaining equity, which has been pre-funded into the project by an affiliate of ArborCrowd. The sponsor broke ground on the development in April, and construction is expected to be completed towards the end of 2020.
Andrew Gross discusses how the Dallas mayor's plan to make downtown Dallas more livable coupled with the 500% population growth impacts retail, STNL, shopping centers and multifamily investments in this EXCLUSIVE.
The facility in Channahon will employ approximately 500 new full-time workers. The Seattle-based e-commerce giant currently has a workforce of approximately 11,000 in Illinois.
According to a report released by Cushman & Wakefield, third-quarter leasing activity totaled 25.9 million square feet, nearly half of which was concentrated in the Interstate 55 and Interstate 80 corridors, as well as southeast Wisconsin.