Developers outline multifamily, townhome and retail projects for Hoffman Estates
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Summary
Developers at the Hoffman Estates CRE breakfast showcased new housing and retail work: The Henry (245-unit townhome rental), two local townhome projects by Pulte and D.R. Horton, and a planned two-phase 280-unit multifamily project at Beverly and Prairie Stone Parkway; developers said they expect groundbreakings in 2026.
Speakers at the Hoffman Estates commercial real estate breakfast presented several residential and retail projects planned or under way in the village and explained how product design, amenities and tenant mix are shaping local supply.
Aaron Tucker of Tucker Development described "The Henry," a suburban multifamily product near Old Orchard Road featuring 245 townhome-style rental units, in-line retail and high-end finishes. "We're seeing our townhomes are renting for over $7,000 a month for a 4 bedroom townhome," Tucker said, explaining that higher-end finishes and experiential amenities are getting strong consumer demand in suburban markets.
Joe Segobiano of Willow Bridge Property Company outlined a two-phase, 22-acre Hoffman Estates project at the intersection of Beverly and Prairie Stone Parkway. He said phase one would be about 280 three-story walk-up luxury units with a clubhouse and access drives off Beverly and Prairie Stone; phase two could include a later four-story wrap product depending on market conditions. "We have submitted the plan, so we'd like to be able to break ground third quarter [2026] is kinda what we're targeting," Segobiano said.
Kevin Kramer, the village's economic development director, and other presenters also noted that several builders—including Pulte, D.R. Horton and Synergy Construction—are progressing on townhome and apartment projects across Hoffman Estates to help address the regional housing shortfall.
Why it matters: Presenters tied local projects to broader housing-market dynamics: a national shortage of units, higher household formation, and a shift toward amenity-rich rental product. Segobiano cited a figure presented during his remarks that the United States is roughly 4,500,000 units short of meeting demand; he said Chicago-area fundamentals support new multifamily supply in the near term.
Retail implications: Tucker said his firm is buying and repositioning unanchored retail centers and prefers 'essential' tenant mixes—medical, personal services and other businesses that withstand e-commerce substitution. He described a fund to acquire smaller retail centers and emphasized tenant stability and shorter-duration leases as a strategy to manage risk.
Next steps: Developers said plans have been submitted for several Hoffman Estates projects and that 2026 is the target window for breaking ground on at least some phases. Exact approval timelines, permit conditions and final financing were not specified at the session.
