Many years can pass – at least 17 for one suburban development – between proposing and completing a project

Some development projects take a long time from beginning to end. Here is a recent example from the Chicago suburbs:

Photo by Markus Spiske on Pexels.com

The Glen, a large residential development that was to be built in Elgin 17 years ago, has come back to life with the help of a new builder.

Moda Homes is partnering with Lennar Homes to build the first phase of a project that calls for 83 single-family homes, 54 age-restricted homes, a 150-unit senior assisted living facility and a neighborhood park on 73 acres off Nolan Road, according to plans presented to the Elgin Planning and Zoning Commission.

The unincorporated property was zoned in the early 2000s for a subdivision. Moda Homes is requesting the site be annexed into the city and a preliminary plat for the project be approved, both of which are now headed to the Elgin City Council for approval…

Elgin council members must approve the annexation agreement and the preliminary plans before construction can begin. A meeting date at which the project will reviewed has not been set.

If this is approved, this development may take about 20 years to complete.

This may seem like a long time. But lots of factors can slow down the process. This story does not say but I wonder if the 2007 proposal was shelved by the housing bubble of that era. Developers can face money issues or there can be a decrease in demand. With the current proposal, local officials might have concerns about annexation and the plans. Questions about or changes to the plan might slow or stop the process. And numerous other issues could pop up.

Perhaps a different question to ask is how long a development proposal “normally” takes. Then could such a prediction factor in local conditions (municipalities can vary), economic conditions, and particular developers or builders? If twenty years seems long, is 4-5 years “normal” from start to finish?

Of course, some developments are proposed – some seriously, some not so much – and never get built. In the Chicago area, think of the Burnham Plan or Frank Lloyd Wright’s idea for a one mile high skyscraper. For any development to be completed, lots of things have to go right.

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