Below is an overview of several approved initiatives in Buffalo Grove. For further information about any of the following developments, or a complete overview of economic development initiatives underway, please contact Ghida Neukirch, Deputy Village Manager at 847-459-2518.

DEVELOPMENT OPPORTUNITY - BERENESA PLAZA – Milwaukee Avenue & Deerfield Parkway
The Village approved a site plan for the development of Berenesa Plaza in September 2007. The property is controlled by Parkway Bank & Trust pursuant to a foreclosure. Parkway and the Village are interested in working with creative and experienced developers to complete the project as a signature development at this major gateway to the community. The Village encourages innovative land planning approaches and will fully consider ideas for site plan changes to achieve a vibrant and successful development providing useful shopping opportunities and services for the community.

Location: Northwest corner of Milwaukee Avenue & Deerfield Parkway (17.95 acres)

Southwest corner of Milwaukee Avenue & Deerfield Parkway (6.22 acres)

Demographics: 2009 Population 2009 Median Age 2009 Avg. Hshold Income

1 mile 4,978 40.8 $109,074

3 miles 79,100 39.5 $120,305

5 miles 208,672 39.7 $123,531

Source: 2009 ESRI Data

Details of 2007 Plan: Northwest corner, Milwaukee Avenue & Deerfield Parkway (17.95 acres)
6 restaurant parcels for a total of 43,000 square feet
3 retail parcels for a total of 33,500 square feet
1 two-story medical office building
1 hotel, 166 rooms
 Total:   76,500 square feet of commercial/retail

 Southwest corner of Milwaukee Avenue & Deerfield Parkway (6.22 acres)
1 retail building for a total of 12,300 square feet
1 bank for a total of 4,335 square feet
1 drug store for a total of 13,000 square feet
1 office building, 13,000 square feet
Total:  42,635 square feet of development

Pedestrian focal area with decorative paving, seating, and a water feature.

Stormwater  Stormwater management is provided off-site for both parcels.
management:

Access: Improvements to the intersection of Milwaukee Avenue and Deerfield Parkway, including new traffic signals and turn lanes, will be required by the Illinois Department of Transportation. The Lake County Department of Transportation will require related improvements to Deerfield Parkway west of the Milwaukee Avenue intersection.

Incentives: The Village is amenable to incentives for quality commercial development generating noteworthy sales taxes.

Link to exhibits

LAND & LAKES – Milwaukee Avenue, north of Busch Parkway
In June, 2008, the Village’s Corporate Authorities approved the annexation of the Land & Lakes property. The property includes three parcels: East Parcel, West Frontage Parcel and West Rear Parcel along Milwaukee Avenue north of Busch Parkway. The East Parcel is 7.34 acres and was zoned Industrial with a special use for a landscape transfer facility. The West Frontage is 17.4 acres, and the West Rear is 41 acres. These parcels were zoned B-3 for commercial development. The conceptual plan depicts a full service hotel, and approximately 446,000 square feet of retail. The Village and developer, Land & Lakes, will provide for a high–quality commercial development, including a unified architectural design for the buildings, an attractive sign package, and amenity features such as central open space, extensive landscaping, and a network of interior sidewalks and paths linking various portions of the Land & Lakes property and immediate adjacent properties to the north and south.
Link to the Concept Plan

APTAKISIC CREEK CORPORATE PARK
In October, 2007, the Village’s Corporate Authorities approved the development of the Aptakisic Creek Corporate Park in Buffalo Grove. The Park is located on the south side of Aptakisic Road, east of the railroad tracks. The overall site area is 28.7 acres, and includes maintaining the existing industrial building (173, 000 sq. ft.), and construction of two new industrial buildings, (building #1, 187,598 sq. ft.) and (building #2, 146,250 sq. ft.). The existing industrial building has been leased to Prime Source Building Products. The project is being developed by Bridge Peerless LLC.
Link to Approved Site Plan and Rendering