A truck rolls down Townline Road Thursday, Oct. 24, ...
October 29, 2013
A new residential subdivision has not been built in Mokena since before the national recession brought construction to a near standstill locally and throughout much of the country.
But that could soon change.
The Huguelet Company, based in Frankfort, is seeking approval of a 38-acre, 38-lot development along the 19200 block of Townline Road with the aim of breaking ground by spring or summer of next year. The development, described as upscale by Village officials, would be called Ginger Creek and feature a rolling terrain and lot sizes averaging 16,5000 square feet.
The project is part of a wider trend that indicates Mokena's housing market is rebounding.
The number of new home starts in town has been steadily rising — 25 permits were issued in 2009, and officials expect this year's figure to exceed 100 — but an entire parcel of land has not been plotted in some time.
"We haven't done a residential development of this magnitude since 2005," said Alan Zordan, the Village's director of economic and community development. "It's another indicator of the improved local economy."
For months, Village officials and trustees have touted Mokena's strengthening economy, pointing to an upward trend in municipal sales tax receipts as evidence. The steady pace of commercial development — most notably the 190,000-square-foot Meijer superstore under construction near the corner of Wolf Road and U.S. Highway 30 — has also helped their case
Less obvious than the arrival of what will be Mokena's largest retailer has been the sprouting of homes across Mokena's subdivided landscape.
"We're starting to run out of lots, quite honestly," Zordan said, noting there are currently approximately 400 unbuilt residential lots in town, almost all of which are owned by builders.
With stakes claimed in almost all existing lots, the opportunity to build anew has arrived, he said.
"I think the timing is right, and I think we may see some more residential developments after Ginger Creek," Zordan said.
The Ginger Creek concept will undergo the usual approval process. The project was first detailed at a Monday, Oct. 21 Village Board work session, during which several trustees noted The Huguelet Company's storied track record of development and building in the area.
Founded in 1927, the family-owned company is in its third generation of leadership and has been building homes in Chicago's south suburbs for decades but has not plotted a new development since 2007, Paul Huguelet said.
The company developed nearby Boulder Ridge roughly 10 years ago and is currently working on a project named Stone Creek in Frankfort, according to its website.
But now they're ready to get going again.
"We believe the homebuilding industry and the market are emerging from a long and deep depression," Huguelet said. "The timing is right for this kind of development."
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