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Developers present concept plans for Towne Center, Waterstone and SW Triangle; timelines not firm
Summary
Lennar Builders and EEC IL Inc. presented concept plans for Towne Center and Waterstone; Towne Center could start mid‑2025. A separate EEC IL Inc. concept for the SW Triangle could include hotels, a convenience store, coffee shop and EV charging stations, but none of the plans had firm commitments yet.
Economic Development Director Natale Engel summarized concept plans shown to the Village Board from Lennar Builders for the remaining Towne Center area and the Waterstone site west of the railroad on Seil Road. According to the minutes, Towne Center 'could start as soon as mid‑2025' while Waterstone was described as possibly starting sooner. Committee members asked about the Hampton project in Towne Center; staff said there is no definite timeline but the project remains active.
Natale Engel also described a concept plan by EEC IL Inc. (Bill Slavic) for the SW Triangle south of Seil Road along Frontage Road that could include two hotels, a convenience store, a coffee shop and EV charging stations. Minutes emphasize there are no firm commitments and developers have provided concept‑level plans for the Village Board to consider. No approvals or binding agreements were recorded at this meeting.
