Development Updates

Venture One Proposed Annexation
and Development Plan for 41W368 Freeman Road

Venture One Acquisitions (Venture One) has approached the Village to annex and develop property commonly known as the Stade Farm, 41W368 Freeman Road.   The property is currently located in unincorporated Kane County and is approximately 260 acres with ±2,780 feet of frontage on Freeman Road.  Venture One is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Venture One is proposing to annex the 260 acre property and immediately develop the southern 152 acres with a building of approximately 629,186 square feet for a distribution center with an office component (approximately 44,186 square feet) and up to 1,000 jobs, for an investment of approximately $100 million. 

The entitlement process through the Village will require the annexation of the property and zoning for industrial development. 

Prior to the annexation, all zoning actions must be considered at a public hearing before the Plan Commission.  The Plan Commission conducted the required Public Hearing on February 22 and recommended approval of the petition (5 ayes/1 nay/1 absent). This item will be reviewed and discussed (no action taken) by the Village Board on February 25th.

MEETING INFORMATION

February 25, 2021 at 7:00 PM | village board meeting
February 22, 2021 at 6:30 PM | plan commission
February 16, 2021 at 6:30 PM | PLAN COMMISSION January 25, 2021 Plan Commission

ADDITIONAL PLANS AND MATERIALS (plans subject to change prior to final approval)

Development Application
Site Plan
Engineering Plans
Building Elevations
Lighting Plan
Signage
Traffic Study
Stormwater Management Report
Roadway Plans
Plats of Annexation
Plat of Subdivision
Boundary Survey
Archeological Survey South Parcels
Archeological Survey North Parcels