Glenview public hearing set for Dermody redevelopment of Allstate campus

 
 
Updated 6/20/2022 2:49 PM

A public hearing conducted by Glenview's New Development Commission on Dermody Properties' plan for the former Allstate campus will be held June 22.

The meeting will start at 7 p.m. June 22 at Glenview Village Hall, 2500 E. Lake Ave., Glenview.

 

On June 3 Glenview and Prospect Heights jointly issued an announcement about an agreement that would allow Glenview to annex 202 acres of the Allstate campus, 3075 Sanders Road, in an unincorporated area near Northbrook, as well as 30 acres west of Sanders Road in Prospect Heights.

Under the agreement, Glenview will pay Prospect Heights 18 percent of the property and sales taxes collected each year on the development. Glenview will make two other payments to Prospect Heights before redevelopment begins. The amount of those payments was undisclosed.

Associated with Northbrook but not within that village's boundary, a prior agreement between Glenview and Northbrook found Northbrook having no claim to the property, Northbrook Village Manager Cara Pavlicek said in April.

In November 2021 Allstate Corporation announced it was selling 232 acres of the Allstate campus to Dermody Properties for $232 million. A privately held real estate investment management company headquartered in Reno, Nevada, but with a Midwest office in Rosemont, Dermody specializes in domestic logistics real estate.

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A plan initially was described for 11 logistics buildings -- traditionally known as a warehouse or distribution center -- occupying a total of 3.2 million square feet. The notice for the public hearing specified 10 warehouse/distribution buildings plus a fuel center totaling 3.2 million square feet of floor area.

The first of a multiple-phase development project will focus on half the buildings on the north half of the property east of Sanders Road, the public hearing announcement said.

At the time of the sale, Dermody Properties President Douglas A. Kiersey Jr. said once construction began the redevelopment could take two to four years to complete. He said it could serve about a million people within a 10-mile radius.

The notice of the June 22 public meeting stated that Dermody and Allstate have filed applications for the annexation with the agreement between Glenview and Prospect Heights in addition to final site plan and several other facets of the redevelopment itself.

Links to plans of the proposal are available on the village website, glenview.il.us, under the Business tab, and by following Development and "Ongoing Projects."

Public comments to the New Development Commission before the meeting may be sent to NDCcomment@glenview.il.us.

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