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NWC S. Farrel and W. Oak Ave - Serenity Landing - Units 1-4 15 - 75 Acre Residential Land Lots in Lockport, IL 60441
Investment Highlights
- Proposed commercial, multifamily and single family development with 633 dwelling units
- Concept plan approved
- Divisible
- Engineering estimates of land development costs available
- 7,900 VPD exposure on Briggs Street
Executive Summary
• Unit 1 – 67 single family lots, located at the northerly portion of the parcel, south of Bruce Road
• Unit 2 – 240 apartment units, located at the westerly portion of the parcel, east of Briggs Street
• Unit 3 – 181 townhome units, located in the middle portion of the parcel, north of Oak Avenue. The eastern portion (3A) consists of 64 units and the western portion (3B) consists of 117 units
• Unit 4 – 145 single family lots, located at the southeasterly portion of the parcel, north of Oak Ave and west of Farrell Road
In addition to the residential units, the proposed development includes:
• A 5.3± acre public park site
• Over 36 acres of passive open space, which includes the Fraction Run Creek corridor and a proposed meandering multi-use/bike path
• A site for a club house and associated amenities
• A future 1.8± acre commercial area
• Local pocket parks
Final plats of subdivision, final engineering plans and final landscape plans are being provided for each respective residential unit referenced above, which in total will include the entire 183 acre parcel. In addition to plans for the onsite improvements, plans are also being provided for the following:
• Bruce Road improvements, to include a west bound left turn lane into the site at the intersection with Geneva Avenue
• Briggs Street improvements, including a left turn and right turn/deacceleration lane at the Fox Hollow Drive access to the site, as well as left turn lanes for south bound and north bound traffic at the Oak Ave intersection
• A new Oak Avenue pavement widened to 24 feet in width, with adjacent shoulders, along the entire frontage of the parcel
The submittal of documents to governmental agencies for the project review and approval process includes:
• City of Lockport – Final Plat of Subdivision, Development/PUD Plan, Final Engineering and Annexation Agreement approvals
• Will County Division of Transportation – Briggs Street Improvements
• Illinois Department of Natural Resources, Office of Water Resources – review and permit for miscellaneous grading within the Fraction Run Creek flood plain
In addition to the above, permits from the Illinois Environmental Protection Agency will be necessary. These permit applications, which require City of Lockport signatures, will be submitted after receipt of applicable approvals from the City.
Property Facts
4 Lots Available
Lot Unit 1
| Lot Size | 42.00 AC |
| Lot Size | 42.00 AC |
North Single Family Unit 67 Dwelling Units Typical lot size of 62.5' x 120'
Lot Unit 3
| Lot Size | 48.00 AC |
| Lot Size | 48.00 AC |
Unit 3 | Townhomes 181 Dwelling Units Typical lot size of 62.5' x 120'
Lot Unit 4
| Lot Size | 75.00 AC |
| Lot Size | 75.00 AC |
Unit 4 | East Single Family 145 Dwelling units Typical lot size of 62.5' x 120'
Lot Unit 2
| Lot Size | 15.00 AC |
| Lot Size | 15.00 AC |
Unit 2 | Multifamily 240 dwelling units (20- apartments per building/ 12 buildings) 96 garage parking spaces (8 per building) 252 outside parking spaces (12 ADA accessible stalls)
Description
180±AC located on the northwest corner of S. Farrel and W. Oak Ave in Lockport. Proposed concept plan features 1.77± AC at the southeast corner of Fox Hollow Drive and South Briggs Street for commercial development, with the remaining site divided into four proposed units, consisting of multifamily, townhomes, and single family homes. Plan includes a clubhouse, dog park, public park, multiple playgrounds and a community pool.
Presented by
NWC S. Farrel and W. Oak Ave - Serenity Landing - Units 1-4
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