The Village of Brookfield today held a very well attended Developer Breakfast to discuss real estate opportunities in the community. With over 50 real estate professionals and others in attendance at Village Hall, President Kit Ketchmark joined with State Representative Michael Zalewski to discuss recent trends in Brookfield real estate, State of Illinois legislation impacting economic development and other pro-development changes locally (e.g., Zoning Modernization ordinance). Notable trends include a 97% increase in building activity (2011 to 2017 building permit increase), increases in large-dollar projects, and several more projects in the pipeline. In 2018, likely prospects for development include “Burlington Station” just west of the BNSF railroad/Burlington intersection, Congress Park transit-oriented development, and a Grant Street infill project in the downtown. The Village officials will target projects that add to the downtown population, to support existing businesses and draw new businesses to the area — in order to implement the new Comprehensive Plan expected to be adopted early next year.
For more information, please see the attached slides. Please contact Community & Economic Development Director Nick Greifer or Village Planner Emily Egan if you are interested in specific development sites, Zoning Modernization, or Village strategies to promote growth in the coming years at: firstname.lastname@example.org and email@example.com.