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MORTON GROVE, IL-Construction has begun on an 84-unit, eight-story luxury condominium building, the first project in the Lehigh/Lincoln Tax Increment Financing district in this near north suburb of Chicago. Eighty percent of The Woodlands of Morton Grove units have been pre-sold nine months ahead of the scheduled completion date, according to The Elliott Group, Inc., which is developing the project.

The developer is donating proceeds from the first unit sold at The Woodlands to Maryville Academy in nearby Des Plaines, the state’s largest residential childcare facility.

The condominium building is the first of a series of mid-rise structures, townhouses and villas to be built at Lincoln and Lehigh Avenues, near the Metra commuter station, says Elliott Group Chairman Louis J. Elliott. The Woodlands development is projected to generate more than $36 million in revenues for the Village of Morton Grove over the next 20 years,” he adds.

The building is part of a $75-million, 488-unit proposal approved by village officials in 2000 after residents objected to the height of buildings, density of the project and whether the site should be developed for retail use. The TIF is providing more than $8 million to offset development costs. Village officials recently allowed Elliott Group to develop 120 fewer condomininiums while adding 54 townhouses.

Rosemont, IL-based McShane Construction is providing design/build services for the project. KLLM Architects, Inc. is providing the architectural services. Morton Grove-based Elliott Group has developed apartment complexes, offices and retail centers, industrial complexes, hotels, motels and convention centers throughout the US.

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