BURR RIDGE, IL – A developer is planning eight "luxury" homes in Burr Ridge, replacing a nearly 5-acre estate that sold for $3.5 million earlier this year.
The new subdivision, called Madison Reserve of Burr Ridge, is set for 6221 Madison St.
The houses would range in value from $2.1 million to $2.7 million, a "significant addition" to the village's tax base, the developer said.
This year, the developer bought the 4.7-acre property in question, which includes a house built in 1929. The home is set to be torn down.
The developer is Tower Real Estate Development, and the builder is Redwood Construction Group.
Both are in Willowbrook and share similar ownership, according to state records. Their common principals are Steve Blentlinger of La Grange and Patrick Kinsella of Western Springs.
The subdivision would include nine lots, one dedicated to stormwater control, according to the plan.
Burr Ridge's zoning body, the Plan Commission, is scheduled to take up the matter at its meeting at 7 p.m. Monday at Gower Middle School, 7941 Madison St.
Last year, Redwood was approved to build a four-story, 17-unit condo complex, called Parkside Place, in Clarendon Hills. It was to include ground-floor commercial space.
Neighbors contended the complex would intrude on privacy and create traffic congestion and noise.
The Clarendon Hills Village Board approved the plan 5-1.
Sign up for free local newsletters and alerts for the
Burr Ridge, IL Patch
Patch.com is the nationwide leader in hyperlocal news.
Visit Patch.com to find your town today.