sabre woods development - loopnet...tif pricing 8-4-2017 ... 1" = 80' sabre woods...

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SABRE WOODS DEVELOPMENT Exclusively Marketed by Coldwell Banker Residential Brokerage

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Page 1: SABRE WOODS DEVELOPMENT - LoopNet...TIF PRICING 8-4-2017 ... 1" = 80' SABRE WOODS DEVELOPMENT - LAND USE EXHIBIT August 22, 2017 LOT 10 LOT 11 LOT 12 LOT 9 LOT 13 LOT 4 LOT 3 LOT 2

SABRE WOODS DEVELOPMENTExclusively Marketed by Coldwell Banker Residential Brokerage

Page 2: SABRE WOODS DEVELOPMENT - LoopNet...TIF PRICING 8-4-2017 ... 1" = 80' SABRE WOODS DEVELOPMENT - LAND USE EXHIBIT August 22, 2017 LOT 10 LOT 11 LOT 12 LOT 9 LOT 13 LOT 4 LOT 3 LOT 2

What was once the historically renowned

Sabre Room in Hickory Hills finally gives way

to the long awaited redevelopment of the 30

acre site. The wooded 10 acre west end site

which has never been developed will now be

the site of a naturally wooded and beautifully

designed age restricted (55 and older) housing

and multi-family development. The east 20

acre portion of the development, which once

housed Sabre Room, will now be redeveloped

into a substantial Senior Housing facility for

approximately 236 Assisted and Independent

living and Memory Care units and a commercial

retail/office site. Retail lots range from .51 acres

for convenient food facilities to 2.08 acres which

can possibly be sub-divided further. Each site

will be readied for construction with utility stubs,

site grading, interior service roadways, water

detention facilities, and lot prep provided for

each lot via pending TIF funding.

Sabre Woods Pricing As Of 10-27-2017 Lot Sellable Acres Lot SF Building Type Price Lot 1 2.08 90,445 2 Story Commercial $2,608,434 Retail / Commercial Lot 2 2.02 88,020 2 Story Commercial $2,538,497 Retail / Commercial Lot 3 1.83 79,694 2 Story Commercial $2,095,155 Retail / Commercial Lot 4 4.81 209,523 4 Story Senior $5,200,000 236 Assisted and Independent Living and Memory Care units Lot 5 0.59 25,700 2 Story Commercial $825,000 Retail Lot 6 0.51 22,233 1-2 Story Commercial $975,000 Retail Lot 7 0.51 22,233 1-2 Story Commercial $975,000 Retail Residential West 10 Acres Lot 13 2.13 92,783 3,500 SF Min. Lot $1,000,000 20 Senior Ranches Lot 9 - 84 Units 3.2 139,392 78,000 SF Buildable $1,700,000 2 Senior Apt. Buildings Lot 10 1.5 65,183 6,600 SF/Lot $450,000 (6) R-4 Lots 2,800 SF Buildable

Page 3: SABRE WOODS DEVELOPMENT - LoopNet...TIF PRICING 8-4-2017 ... 1" = 80' SABRE WOODS DEVELOPMENT - LAND USE EXHIBIT August 22, 2017 LOT 10 LOT 11 LOT 12 LOT 9 LOT 13 LOT 4 LOT 3 LOT 2

Lot 2

AL/MCLot 4

2STORYRETAIL

Lot 5

RETAILLot 6

Lot 3

Lot 1

RETAILLot 7

4.94 ACRES

1.50 AC.

Lot 11

Lot 10

Lot 12

Lot 9Lot 5A

StormwaterDetention

Lot 8StormwaterDetention

W. 95th STREET

S.

88TH

A

VE

NU

E

W. 93RD PLACE

S. 9

0TH

AV

E.

S. 8

9TH

AV

E.

W. 95th AVE.

93RD STREET

Lot13

Walgreens

ITEM DATE

DATE

PROJECT NAMEOWNER'S NAME

CONSULTANTS

ISSUED FOR

CHECKED

DRAWN

REVISIONS

PM

PROJECT NUMBERSHEET NUMBER

SHEET TITLE

8-4-2017TIF PRICING

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L01

17029

XXX

PM

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HICKORY HILLS, IL

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HICKORY HILLS30 ACREDEVELOPMENT

www.arcdesign.comDesign Firm License No. 184-001334

5291 ZENITH PARKWAYLOVES PARK, IL 61111VOICE: (815) 484-4300FAX: (815) 484-4303

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Land Use Exhibit

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SCALE:

feet80 160 240

1" = 80'

SABRE WOODS DEVELOPMENT - LAND USE EXHIBITAugust 22, 2017

LOT 10

LOT 11 LOT 12

LOT 9 LOT 13 LOT 4

LOT 3 LOT 2 LOT 6 LOT 7 LOT 1

LOT 5

Multi-family, Single Family, Duplex,

Townhome 55 and Older

Single Family, Duplex, Townhome

Civic Parcel

Waterway ParkCommon Area

6 Market Rate Single Family or 8 Townhomes

Page 4: SABRE WOODS DEVELOPMENT - LoopNet...TIF PRICING 8-4-2017 ... 1" = 80' SABRE WOODS DEVELOPMENT - LAND USE EXHIBIT August 22, 2017 LOT 10 LOT 11 LOT 12 LOT 9 LOT 13 LOT 4 LOT 3 LOT 2

Median resident age: 39.0 years

Illinois median age: 37.7 years

ZIP CODES: 60458:

Estimated median household income in 2015: $60,409

($54,779 in 2000)

Hickory Hills: $60,409

IL: $59,588

Estimated per capita income in 2015: $26,866

($23,747 in 2000)

HICKORY HILLS CITY INCOME, EARNINGS, AND WAGES DATA:

Estimated median house or condo value in 2015: $222,665

($158,900 in 2000)

Hickory Hills: $222,665

IL: $180,300

Mean prices in 2015: All housing units: $297,451

Detached houses: $309,746

Townhouses or other attached units: $271,276

In 2-unit structures: $256,745

In 3-to-4-unit structures: $294,103

In 5-or-more-unit structures: $302,476

Mobile homes: $45,418

Occupied boats, RVs, vans, etc.: $77,651

Source: www.SuburbanStats.Com

SITE TRAFFIC COUNTS:

95th Street West of 88th Street 15,700 Per Day (2015)

95th Street East of 88th Street 20,900 Per Day (2015)

Source: Illinois Department of Transportation – www.GettingAroundIllinois .com

SANTO RIZZOREAL ESTATE BROKERMULTI-FAMILY & COMMERCIAL SPECIALIST312-848-1990

2.5% BROKER COOPERATION WELCOMED

If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. ©2017 Coldwell Banker Residential Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Real estate agents affiliated with Coldwell Banker Residential Broker-age are independent contractor sales associates and are not employees of Coldwell Banker Residential Brokerage.

HICKORY HILLS DEMOGRAPHICS