SVN Chicago Commercial completed the sale of a strategic multi-parcel assemblage anchored at 911 Green Bay Road in Winnetka, Illinois, creating a rare mixed-use redevelopment opportunity in the community’s Hubbard Woods business district.
Totaling 0.34 acres, the transaction marks one of the most impactful redevelopment sales in the submarket in over 40 years. John Joyce, CCIM, SIOR, and Steven Hirsch of SVN Chicago Commercial exclusively represented the transaction. The sale price was undisclosed.
The assemblage includes:
- 1007 Tower Court
- 911-913 Green Bay Road
- 907-909 Green Bay Road
- 901-905 Green Bay Road
Notably, one of the four properties sold was the last industrial-zoned parcel in the Village of Winnetka, marking a pivotal shift in land use and underscoring the transaction’s role as a case study in highest and best use. The sale aligns zoning evolution with market demand in a high-barrier North Shore community.
The last major redevelopment in the Hubbard Woods business district occurred in 1980 with the McDonald’s redevelopment, highlighting the rarity and long-term impact of this assemblage. In recent years, the Village of Winnetka has actively advanced streetscape and infrastructure improvements, rebranding the corridor as the Hubbard Woods Design District to enhance its retail environment and pedestrian appeal.
SVN Chicago Commercial has also been engaged to market the retail component of the redevelopment.
