Holladay Properties closes on the purchase of 460 Crescent Boulevard
Holladay Properties has purchased 460 Crescent Boulevard in Glen Ellyn, IL for $2.825 million. The property is the site of the planned Glenwood Station development, a mixed-use development that will include a five-story building featuring 86 apartments and 1,500 square feet of commercial space.
The purchase of the site will allow Holladay to continue plans to redevelop the property, which is currently home to a closed-down grocery story. Holladay has been working with the Village of Glen Ellyn to plan a mixed-use development since 2019.
“Glen Ellyn has been looking for ways to revive the former McChesney & Miller site for several years, and this is exactly the development we can launch that that will help them do great things in a critical area,“ Drew Mitchell, Holladay Properties VP-Development said. "Holladay has a proven track-record in designing, developing and managing successful mixed-use properties in an urban environment and we are looking forward to another win with Glenwood Station."
Glenwood Station will be Glen Ellyn's newest multifamily community and will feature spacious apartments with luxury amenities like quartz countertops, custom window treatments, and private balconies. The community is located just one block from a commuter train station and also offers ample indoor parking on the first floor and basement levels, as well as electric vehicle charging stations.
Essex Realty brokers sale of site of planned mixed-use development - REJournals 3/12/21
This Week's Chicago Deal Sheet - BisNow Chicago 3/16/21