Enclave at Mill Creek

Addison, IL     |     37 Lots    |     Investment, Development

Opportunity
A former nine-hole golf course, comprising 37 acres of land, was acquired in December of 2007 and entitled for 189 residential units targeting the empty nester market. Janko Group purchased the land at a discount, and planned for a long-term hold until the right moment of economic opportunity.


Results
The project was recently entitled for 87 maintenance free, age-targeted homes for empty nesters, plus 8 acres for multi-family. Meritus Homes, a Janko Group affiliate, plans to break ground on 44 homes in April 2017.