Strip centers · Illinois
Springs at Lake Cook Crossing
Active 254-unit housing redevelopment under construction (2026 completion), supported by regional housing demand and declining retail. · 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. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile6 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 thisCounty typical rent $2,000+
This site: $2,255/mo zillow · all sites with thisUnder 20 acres
This site: 10.79 acres newtypes-extraction · all sites with thisRedeveloped
This site: 254-unit residential rental development record · all sites with thisHousing
This site: 254-unit residential rental development newtypes-extraction · all sites with thisNow
| Status | Under constructionnewtypes-extraction reported |
|---|---|
| Strategy | Redevelopment, under constructionWikipedia no source |
| New uses | housingWikipedia no source |
| What is there now | 254-unit residential rental developmentnewtypes-extraction reported |
| Redeveloper | Continental Propertiesnewtypes-extraction reported |
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 (2.1 km); Deerbrook Mall (2.8 km); Parkway North Townhomes (2.9 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 36,521 jobs in 1,853 establishments; average annual pay $55,136; employment location quotient 1.13; employment +0.3% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 1,009 jobs; 47 in retail trade, 22 in accommodation and food (workplace blocks summed to tract 17097864901)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 51th income percentile as adults; 0.3% incarcerated at the 2010 count (134 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; poverty rate 0.2%; median family income $206,522; 7 SNAP householdsUSDA ERS |
| Schools | Township High School District 113 (09-12); 3 public schools within 1 mile: Alan B Shepard Middle School; Kipling Elem School; Walden Elem SchoolNCES EDGE |
| Elevation | 686 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 255 county-logged events: 132 thunderstorm wind, 62 hail, 19 flood, 18 flash flood; $12,800,500 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 60015, 2026-09 | median list price $799,900 (+18.9% on the year); 53 active listings; median 47 days on market; 5% with a price cutRealtor.com Research |
| 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) | 16,672 vehicles a day on Deerfield Rd (minor arterial, 2 lanes); 7 counted segmentsFHWA HPMS |
Summary, model-written
Springs at Lake Cook Crossing (10.79 acres, Deerfield, IL) is a strip mall redeveloping into 254-unit residential rental housing, currently under construction by Continental Properties. The project aligns with regional trends: two nearby under-construction housing projects (Deerfield Supportive Living, Parkway North Townhomes) and a declining retail sector (9.8% fewer stores, 12.4% fewer retail jobs since 2012). Housing market data shows median rent at $1,434 (ZORI $2,255/month) and strong regional demand (ZHVI up 35.7% over 5 years). Traffic data notes Deerfield Rd (minor arterial, 16,672 ADT) as the access point. Deerbrook Mall (2.8km away) status is unknown.
Why. Record confirms active redevelopment, housing market alignment, and context of similar projects. Retail decline and traffic data are documented. No details on Deerbrook Mall's current use or Deerfield Supportive Living's occupancy.
Where it stands. Under construction, expected completion 2026. No public permitting or retail tenant data provided.
For a planner
- Regional housing demand supports project
- Retail decline aligns with redevelopment strategy
- Traffic volume supports access needs
For a developer
- 254-unit scale matches peer projects
- ZORI ($2,255) and median rent ($1,434) indicate market viability
- Permits show $431M in 2024 construction value (Lake County)
What we do not know yet
- Deerbrook Mall status unknown
- No tenant mix or occupancy data provided
- No timeline for completion beyond 2026
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
- Parkway North Townhomes, Deerfield, IL · Office parks · similar size (10.03 acres); same strategy: redevelop; also in IL
- East Cobb Walk, Marietta, GA · Strip centers · similar size (15 acres); same strategy: redevelop
- North River Shopping Center, Sandy Springs, GA · Strip centers · similar size (13 acres); same strategy: redevelop
- Midtown Square Mall, Charlotte, NC · Malls · similar size (10 acres); same strategy: redevelop
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 | 10.8newtypes-extraction |
|---|---|
| County | Lake County |
| Census division | 3 · East North Central |
| Notes | Draft from deerfield.il.us, model-extracted, unreviewed: A portion of Deerbrook Shopping Center is being redeveloped into a 254-unit residential rental development called Springs at Lake Cook Crossing. |
Not yet recorded: GLA, year opened, original developer, retrofit year. Know it? Tell us.
Timeline
- 2026 Anticipated construction completion
Sources
- Recently Approved Residential Development - Deerfield, IL
2 quoted sentences
Springs at Lake Cook Crossing
Continental Properties anticipates the construction to be completed by the summer of 2026.
More in Illinois
Spring Hill MallWest Dundee, IL · 2015Partial Redeveloped · Partial redevelopment, open air streetSt Charles MallSt Charles, IL · 2016Redeveloped · Redevelopment: residential, new streets