Project Description

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Lighthouse Pointe

PROJECT DETAILS:

Location: Frankfurt, Illinois
Product Type: Residential Townhomes
Project Value: $26,650,000

PROJECT DESCRIPTION:

We were retained by a court appointed receiver to stabilize then market a failed Planned Unit Development. The original development plans called for a total of 105 townhome units. Before hiring our team, 29 Units had been constructed, of which 22 had been finished and sold. The other seven units were at stud stage and needed to be completed. We successfully worked with the existing homeowners and the municipality to re-establish the PUD, complete and sell the seven partially completed townhomes, and reposition the remaining 75 partially improved lots for 3rd party sale.