Developer postpones building 469-home subdivision
Economy cited as reason
by Martha Quetsch
MAPLE PARKâ€”A developer has put plans on hold for a 469-home development in Maple Park because of the downturn in the residential housing market.
The developer, John Clare Ltd. of Naperville, had expected to begin building the subdivision in 2009 at County Line Road and Route 38. The village approved the Naperville company’s development plan more than a year ago.
â€œIt was right before the economy crashed,â€ said Shari Neeley, John Clare Ltd. vice president.
The planned subdivision is called The Weydert Farm, after the property’s original owner. Neeley said she is uncertain when the company will be able to start construction on the 200-acre parcel, but it will not be until the housing market improves.
The Maple Park Village Board on Tuesday granted the company a five-year extension of the planned unit development ordinance that the board passed in 2008, to allow for the development within 18 months. With the extension, John Clare Ltd. will not have to repeat the village review and approval process and may begin building anytime within the next five years.
Without the PUD extension, the commercial portion of the development could not have proceeded. That part of the project is being developed by Steven Glasgow, who purchased 18 acres from John Clare Ltd. last year on the same corner, for retail businesses and a restaurant.
Village officials recently said they were pleased with the plan for The Maples. Before the project can move forward, however, the developer will need to extend the existing sanitary sewer located in County Line Road to their site, Village Engineer Jim Sparber said.
Neeley said when the The Maples commercial site is built, it could have a positive effect on the development’s residential sales in the future.
â€œAny sign of life is good,â€ Neeley said.