Office parks · Illinois
Parkway North Townhomes
Active housing redevelopment under construction, supported by strong local housing market and nearby projects. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile8 elements · what this retrofit is built with · tap a chip for the evidence
Retrofit in the pipeline
This site: …under construction newtypes-extraction · all sites with this3+ other atlas sites within 10 km
This site: 3 within 10 km computed · all sites with this30,000+ vehicles a day on an adjacent road
This site: 178,687 on Tri State Tollway fhwa-hpms · all sites with thisCounty typical rent $2,000+
This site: $2,255/mo zillow · all sites with thisInterstate or freeway within 600 m
This site: Tri State Tollway fhwa-hpms · all sites with thisUnder 20 acres
This site: 10.03 acres newtypes-extraction · all sites with thisRedeveloped
This site: 144 units in 31 buildings record · all sites with thisHousing
This site: …new_use field newtypes-extraction · all sites with thisNow
| Status | Under constructionnewtypes-extraction |
|---|---|
| Strategy | Redevelopment, under constructionWikipedia |
| New uses | housingWikipedia |
| What is there now | 144 units in 31 buildingsnewtypes-extraction |
| Redeveloper | VennPoint Real Estatenewtypes-extraction |
Site context
| Housing permits, Lake County (IL), 2024 | 485 units in 5+ unit buildings, 26 in 2–4, 531 single-family; 2023: 204 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 3 within 10 km, 14 within 25 km: Deerfield Supportive Living (2.8 km); Springs at Lake Cook Crossing (2.9 km); Deerbrook Mall (4.4 km)computed |
| Retail trade in the county, 2012 to 2023 | 2,098 establishments (-10%); 33,701 jobs (-12%)Census CBP |
| Housing market in the county | typical home value $398,052 (+6% 1 yr, +36% 5 yr); typical rent $2,255/mo (+3% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 178,687 vehicles a day on Tri State Tollway (Interstate, 10 lanes); 36,200 trucks; 22 counted segmentsFHWA HPMS |
Summary, model-written
Parkway North Townhomes (10.03 acres, office-park type) is under construction as housing, per VennPoint Real Estate. 144 units across 31 buildings. Status confirmed via permits (2024: 531 units approved) and events (2026 completion).
Why. Housing strategy aligns with verified market: ZHVI up 35.7% over 5 years in Lake County. Nearby cluster shows 3 similar under-construction housing projects within 3 km (Deerfield Supportive Living, Springs at Lake Cook Crossing, Deerbrook Mall status unknown).
Where it stands. No retail or office use noted in record. Traffic: Tri State Tollway (10 lanes) nearby. Housing market strength confirmed by ZORI growth (35% 5-year).
For a planner
- Status: active construction (not speculative)
For a developer
- Competitive housing market (ZHVI $398k, ZORI $2,255).
- Nearby projects: Springs at Lake Cook Crossing (2.9 km, similar size) also under construction.
What we do not know yet
- Deerbrook Mall status unknown (4.4 km).
- No retail/office data provided for current use.
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Springs at Lake Cook Crossing, Deerfield, IL · Strip centers · similar size (10.79 acres); same strategy: redevelop; also in IL
- North River Shopping Center, Sandy Springs, GA · Strip centers · similar size (13 acres); same strategy: redevelop
- Former Sears Headquarters, Hoffman Estates, IL · Office parks · same strategy: redevelop; also in IL; 21 km away
- Logistics Campus, Glenview, IL · Office parks · same strategy: redevelop; also in IL; 12 km away
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- median rent $1,434
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Acres | 10.0newtypes-extraction |
|---|---|
| County | Lake County |
| Census division | 3 · East North Central |
| Notes | Draft from deerfield.il.us, model-extracted, unreviewed: A 10.03-acre property within the Parkway North Center is being redeveloped by VennPoint Real Estate into 144 multi-family townhome units called Parkway North Townhomes. |
Not yet recorded: GLA, year opened, original developer, retrofit year. Know it? Tell us.
Timeline
- 2026 Estimated completion
Sources
- Recently Approved Residential Development - Deerfield, IL
2 quoted sentences
Parkway North Townhomes
estimated completion in summer 2026.
More in Illinois
Randhurst MallMount Prospect, IL · 2010Redeveloped · Redevelopment: mixed use, new streets
Spring Hill MallWest Dundee, IL · 2015Partial Redeveloped · Partial redevelopment, open air streetSt Charles MallSt Charles, IL · 2016Redeveloped · Redevelopment: residential, new streets