Essex Realty Group, Inc. has announced the sale of 460 Crescent Boulevard, a 35,091-square-foot redevelopment property located on the northwest corner of Crescent Boulevard and Glenwood Avenue in downtown Glen Ellyn, a western Chicago suburb.
The buyer, Holladay Properties, purchased the site for approximately $2,825,000.
Holladay Properties intends to build a mixed-use development called Glenwood Station. The proposed development includes 1,490 square feet of retail space, 86 apartment units, and 102 parking spaces. Demolition of the existing 13,500-square-foot structure is expected to begin as early as November 2021.